Stories tagged incentives

Dec
20
2009

Earn money, save money
Earn money, save moneyCourtesy Achim Hering

Obama's Home Depot speech

We are wasting money when heat is lost from our homes.
What would happen if economic stimulus money was used to improve the energy efficiency of our homes?

Benefits of improving energy efficiency

  • Economic boost ($20 billion cash flow)
  • Money saved on energy bills ($1k - $3k improvement / home X 5 million homes = $3.3 billion saved / yr on energy bills)
  • Jobs creation (600,000 to 850,000 new jobs - contractors, suppliers, and inspectors)

Weatherization legislation pending

Lawmakers recently have begun pushing to offer weatherization incentives immediately as a way to create 600,000 to 850,000 new jobs.

Lane Wesley Burt, manager of building energy policy for the Natural Resources Defense Council, said the program could be set up as a government rebate administered by certified contractors that would shave the money from a homeowner's bill when the work was completed. The contractor then would apply to the government for reimbursement of the incentive, similar to how auto dealers administered cash-for-clunkers rebates.

Learn more about possible weatherization incentives

Source: Los Angeles Times
Obama pushes home improvement to create jobs, save energy

Batteries boosted in Michigan
Batteries boosted in MichiganCourtesy mrdavisdc

Michigan, home to the headquarters of GM, Ford, Chrysler, and numerous automotive suppliers, has passed a bill that provides $335 million in refundable tax credits to encourage companies to develop and build batteries in Michigan for hybrid and electric vehicles.

Jul
08
2008

About four years ago, the X Prize Foundation gave a $10 million award to a team of engineers for building the first private, commercial space craft. Today, the foundation has several other contests going, including prizes for gene sequencing, automotive engineering, and lunar landing. Additional prizes are planned for cancer and longevity research.

Many “big science” research efforts are conducted by government agencies or large companies, both of which try to hold costs down by finding the single best approach. The advantage of prize competitions is that they get dozens of creative teams working on a single problems, trying many different approaches at once, without the restrictions of government or corporate bureaucracy.

The idea is starting to catch on. Last year the US government approved the H-prize for developments in hydrogen-based energy. And Sen John McCain
has proposed a $300 million prize for breakthroughs in battery technology.