Denver, CO (PRWEB) January 13, 2009
Press Conference
:
Wednesday, January 14
, 11:30
South Metro Denver Chamber of Commerce
6840, University Boulevard South, Centennial, CO 80122
(Please confirm your attendance by e-mail presence)
unusual alliance of business, trade association and environmental groups calling on President-elect Barack Obama to provide a tax credit to support businesses that add renewable energy fund to the employee 401 (k ).
The Task Force on Renewable Energy, South Denver Chamber of Commerce, the Renewable Energy 401 (k) the tax credit will be a high yield for the economic recovery plan. A relatively low cost of $ 7 to $ 8 billion, the proposed tax credit would generate 30 million $ 100 billion renewable energy investment, as well as 500,000 or more jobs to provide clean energy scale for this influx of new investments, the American Wind Energy Association reports total 2007 revenue for U.S. renewable energy sector was 19 billion.
“It is time to help Americans get back to work by investing in renewable energy production. For the 50 million workers participating in 401 (k) plans, we need to make it easier to invest in renewable energy, “said Beth Hart, President Energy Colorado Solar Industries Association (COSEI).
innovative Renewable Energy 401 (k) Tax Credit, the federal government to provide a tax credit ranging from $ 40 to $ 400 dollars per employee for businesses that add renewable energy funds 401 ( k). Small firms receive a higher tax credit per employee, companies will receive a small tax credit of the employee, but a more comprehensive tax credit.
Renewable Energy 401 (k) tax credit offers a financial incentive for companies to add renewable energy funds to the employee 401 (k) plans and covers the administrative costs of minor cated more. Because it is a refundable tax credit, companies operating at a loss to receive a refund once the tax. profitable businesses receive a tax credit that reduces the amount of tax they pay.
Renewable Energy 401 (k) tax credit for the rapid growth of mutual funds existing renewable energy and increasing production of renewable energy. The tax credit will also stimulate the creation of new funds for financing renewable energy projects tailored investment plans for 401 (k).
Renewable Energy Mutual funds hold shares of the General 20-100 renewable energy production companies. Example: Calvert and Guinness Atkinson Alternative Energy fund.
renewable energy project financing fund to provide funding for projects for bundles of new wind farms, concentrated solar power plants and large-scale installation of solar panels on commercial buildings, factories and schools. Currently renewable energy projects finance funds are available for large institutional investors. Since investment in renewable energy increases, renewable energy funds for project funding that are available to individual investors plan 401 (k) will be created by financial markets.
“Following the initial technology investment, such as the establishment of a wind farm or concentrating solar power, renewable energy has zero fuel costs. It is an attractive business model. renewable energy assets are a solid investment in a sector that is well positioned to grow rapidly, “said John Brackney, president of South Metro Denver Chamber of Commerce.
It is unusual for companies and environmental groups to work together towards a common goal. Gillian Caldwell, Campaign Director for 1Sky, said: “Our members and our allies support increased production of renewable energy. Our nation must provide solutions for renewable energy online as quickly as possible to fight against global warming. “1Sky is a concerted national campaign to ensure bold federal action against global warming and create a green economy of the 21st century.
Renewable Energy 401 (k) the tax credit should be a very effective and popular economic stimulus plan ahead.
Renewables 401 (k) Tax Credit will provide hundreds of thousands of new jobs, combating climate change and strengthen our economy. Clearly, the time to invest in the future Our country is now, “said Jim Welch, CEO of Bella Energy, a company based in Colorado Solar Energy.
Disclosure: To reduce CO2 emissions and create jobs, Ken Beitel has an IRA account with an investment of about $ 46 000 in the Calvert Funds Global Alternative Energy held at JP Morgan Chase and Citi Smith Barney brokerages. Others included in this release may also hold shares or funds renewable details full disclosure available upon request
.
Contact Press
: Ken Beitel, renewable members of Task Force Energy
Ph: 720 436-2465 Email: Ken.Beitel TheRenewableEnergyInitiative.org @
URL: www.RETaskForce.biz
>
clear = “all”
Find More Green Investing News
Comments are closed.