The Biotech Research Role in Energy Conservation

 Background And Introduction In this report we will share some good news. As a result of the recent government stimulus bill, there are extensions of valuable tax credits and tax deductions to reward energy conservation. There are also some significant increases in the benefits for home owners. We are confident that the information provided in this report can benefit millions of people and that makes it good news indeed. The good news is that contractors can build energy efficient new homes and get credits ranging from $1000.00 to $2000.00. Owners of commercial buildings can make their buildings more energy efficient and get tax deductions of up to $1.80 a square foot depending on the situation. Home owners can make their homes more energy efficient and get tax credits of 30% with a dollar cap of $1500 in benefits. Heating and cooling homes and buildings is a major energy cost. One of the products that will help get these credits and deductions is insulation. Due to scientific advances coming from the NASA Space Program, there are new and very flexible forms of insulation that come in the form of energy saving paint and additives to make energy saving coatings. One way to understand these products is to think of liquid applied insulation. These energy saving products greatly extend the options that can be used to make a home or a building more energy efficient. Note: BioTech Research may soon be marketing a ceramic paint additive that when mixed with regular paint, creates a "thermal paint" that saves energy (a complement to their EdenPure infrared heaters which also save energy). The background for this information comes from the big tax bill that passed in 2005 which introduced these tax breaks for home owners and business owners. At that time the tax deduction for making a commercial building was very attractive and the tax credit for new energy efficient homes was worth pursuing. However the benefit for home owners was limited to only 10% with a cap of $500., which was only marginally beneficial for home owners. In the new bill, there are significant time extensions on the commercial building deduction and the new home credit. However the beefed up credit for home owners has gone up in a major way and will probably drain a lot of money from the government that will go into the pockets of wise home owners. It is no surprise therefore, that the window on this benefit is limited to products placed into service during the years 2009 and 2010. At midnight on the last day of 2010, the carriage turns into a pumpkin and the tax credit window is closed. Because there are real benefits here and because there are significant time windows to work with, we feel this is a good time to report on these benefits. The goal of this report is make the benefits easy to understand and to identify some products that might be used to take advantage of the offer from the government to pay for people to make their homes and buildings more energy efficient. We see this as a win-win situation. New business opportunities will open up and new jobs will be created. Major savings on energy will take place and people will lower the cost of becoming more energy efficient while putting themselves in a position to enjoy long term energy savings. On the global scale, there will be less pollution put into the air and reduced dependence on energy from far away unfriendly places. How The Energy Efficient Home Tax Credit Can Benefit Homeowners Before going into detail on this, it is important to direct all decision makers to talk with their tax advisors because we at New Energy Solutions do not claim to be official tax advisors. I do have a PhD, and I have studied this information, and I have a background in energy conservation that goes back many years. It is therefor reasonable for me to provide information and analysis. However, I am not an official tax advisor and so people who use these advisors and pay money to them to help do taxes, should take advantage of the fact that they are indeed official tax advisors. Article Source: http://EzineArticles.com/2493308