Lonely Smart Grid Tech Seeks Tax Credits For Love, Laughter, Long Walks at Sunset
Photo via SqueakyMarmot
The Demand Response and Smart Grid Coalition (DRSC…remember, they just changed their name) has put forward 21 recommendations for President Elect Barack Obama to help out a smart grid that needs some lovin’.
We talked yesterday about the size of investments that are needed to really boost the shift to smart grid technology, and DRSC thinks that Obama could help by enforcing equality on the power grid and playing match-maker with tax credits. Basically, they’re looking for equal treatment for all things smart grid related when it comes to tax credits. The group points out that if alternative energy providers get tax credits, so too should those helping out by lower in the use of energy in general. From DRSC:
Among the proposals is the establishment of a Reduction Tax Credit (RTC), whereby eligible parties would receive a tax credit for every kilowatt hour (kWh) of electricity reduced, just as wind and other renewable resources receive a Production Tax Credit (PTC) for every kWh produced. Just as the PTC has helped lift and support the renewable energy industry, an RTC would do the same for the demand response and smart grid industry, according to DRSG.
So, DRSC’s idea is a reduction tax credit that gives tax credits for those implementing technologies that lower power consumption, and those implementing demand-response technologies that help to curb peak power. Not only would a developer get a tax credit for installing smart meters on new homes in a development, but so too would software developers who provide power management software to those homes, helping them to reduce the amount of power consumed overall.
Whether or not tax credits are on the table right now is questionable – especially since the new administration is just getting rolling – but the idea is certainly attractive to the people working on the tools that will make the smart grid happen. And of course the smart grid is attractive to, well, everyone. Keeping it looking pretty to venture capitalists and investors will certainly help it to flourish.
So – what do you think? Will broader tax credits when it comes to smart grid tools start moving things along with advancing the grid, or will they only put a band-aid over implementation issues that need to be more directly addressed? Chime in.
Via Greentech Media
More on Smart Grid Development:
If Green Tax Credits Go, Say Goodbye to 116,000 U.S. Jobs
What is Smart, Green and Worth $65 Billion?
Four Major Companies Join Smart Grid Demand Organization
Building Smart Grid Systems: Is Your Neighborhood on Board?