How the House Tax Bill Would Impact Wind, Solar, Electric Vehicles and Utilities
Long term planning is what all businesses and countries seek right?
The U.S. passed laws to encourage the investment in renewable energy technology and innovation. Since then, companies, states and municipalities have invested $BILLIONs to achieve commercially available energy products, sustainable energy and reduced pollution/greenhouse gases. Renewable energy has been a top job producer.
The House Republicans and Senate have unveiled tax reform bills that would undermine this planning and progress. Proposed reforms would include:
- Curtail wind construction
- Stop long term investment in solar development
- Stop investment in electric vehicles
These 3 items represent the majority of jobs created in the electric energy industry over the last 8 years.
One addition was incentive for small wind turbines, fuel cells and geothermal. This is a good plan as none of these technologies are currently commercially viable. That will take a long-term plan. While the Republican tax reform gets finalized, look at what is done to the engines of job growth in the energy industry and for those that carry out long term planning.
Realgy Energy Services is a registered Retail Energy Marketer in the states of Illinois, Michigan, Indiana and Ohio. We offer Service Plans that will provide electric and natural gas at wholesale pricing direct to customers without any utility markup. Our Service Plans work with the local utility to provide seamless service and annual energy savings. Service Plans include Guaranteed SavingsTM, ManagedPriceTM, ManagedGreenTM Index, Fixed and PriceAssuranceTM.
Additional Information:
DOE EIA Weekly Gas Storage Report
Working gas in storage was 3,772 Bcf as of Friday, November 10, 2017, according to EIA estimates.
This represents a net decrease of 18 Bcf from the previous week. Stocks were 271 Bcf less than last year at this time and 101 Bcf below the five-year average of 3,873 Bcf. At 3,772 Bcf, total working gas is within the five-year historical range.
Illinois rated second in the country in grid modernization survey
Illinois is being recognized as one of the top states that has invested or modernized its electric grid (transmission and distribution).
The Commerce Commission and the state Legislators have authorized very large expenditures, in some cases without showing any benefit.
The real question will be HOW this investment will provide returns in reliability, lower costs and improved services to the people of Illinois.
Realgy Energy Services is a registered Retail Energy Marketer in the states of Illinois, Michigan, Indiana and Ohio. We offer Service Plans that will provide electric and natural gas at wholesale pricing direct to customers without any utility markup. Our Service Plans work with the local utility to provide seamless service and annual energy savings. Service Plans include Guaranteed SavingsTM, ManagedPriceTM, ManagedGreenTM Index, Fixed and PriceAssuranceTM.
Additional Information:
Tesla Powerpacks will supply Nantucket’s backup power
Tesla’s Powerpack battery systems have been selected by Nantucket to boost the backup power and grid stabilizers. The current generators will need to be replaced and National Grid decided this will be the best alternative power support system. Multiple US properties have already been using these Powerpacks, including Puerto Rico as they recover from hurricane damage.
Realgy Energy Services is a registered Retail Energy Marketer in the states of Illinois, Indiana, Michigan, and Ohio. We offer Service Plans that will provide electric and natural gas at wholesale pricing direct to customers without any utility markup. Our Service Plans work with the local utility to provide seamless service and annual energy savings. Service Plans include Guaranteed SavingsTM, ManagedPriceTM, ManagedGreenTM Index, Fixed and PriceAssuranceTM.
Additional Information:
https://www.engadget.com/2017/11/10/tesla-powerpacks-supply-nantucket-backup-power/
DOE EIA Weekly Gas Storage Report
Working gas in storage was 3,790 Bcf as of Friday, November 3, 2017, according to EIA estimates.
This represents a net increase of 15 Bcf from the previous week. Stocks were 219 Bcf less than last year at this time and 71 Bcf below the five-year average of 3,861 Bcf. At 3,790 Bcf, total working gas is within the five-year historical range.
Hemlock Semiconductor to lay off 100 workers
Ever wonder what ingredients are in the products we use? Most of us realize glass uses sand and computer chips and solar panels use silicon….but from where? Probably overseas, right? WRONG.
Hemlock runs mines producing poly silicon in Michigan. They just closed their second facility in Tennessee. The U.S. is blessed with abundant coal, some of the best wind resources for generating wind power, abundant silicon (the main ingredient in solar panels), and enough natural gas that we can export it.
With such resources, you have to ask yourself: “why don’t we have an energy policy that takes these blessings into account?”
Realgy Energy Services is a registered Retail Energy Marketer in the states of Illinois, Michigan, Indiana and Ohio. We offer Service Plans that will provide electric and natural gas at wholesale pricing direct to customers without any utility markup. Our Service Plans work with the local utility to provide seamless service and annual energy savings. Service Plans include Guaranteed SavingsTM, ManagedPriceTM, ManagedGreenTM Index, Fixed and PriceAssuranceTM.
Additional Information:
https://pv-magazine-usa.com/2017/10/19/hemlock-semiconductor-to-lay-off-100-workers/