May 14, 2008

Georgia Governor Sonny Perdue signed HB 670 yesterday which provides a range of tax incentives for renewable energy and energy efficiency.  Short summary of incentives follows . . . you can read the whole thing HERE

Energy Efficiency
Energy Star Certified Geothermal heat pump systems ------$100,000

 Energy Efficient Projects -

• Lighting Retrofit Projects. 'Lighting retrofit project' means a lighting retrofit system that employs dual switching (ability to switch roughly half the lights off and still have fairly uniform light distribution), delamping, daylighting, relamping, or other controls or processes which reduce annual energy and power consumption by 30 percent compared to the American Society of Heating, Refrigerating, and Air Conditioning Engineers 2004 standard. ------$0.60psf w/ maximum of $100,000

• Energy Efficient Buildings. 'Energy Efficient building' means for other than single-family residential property, new or retrofitted buildings that are designed, constructed, and certified to exceed the standards set forth in the American Society of Heating, Refrigerating, and Air Conditioning Engineers 2004 standard (ASHRAE 90.1.2004) by 30 percent. ------The sum of the cost of energy efficient products installed during construction at $1.80 psf, w/ maximum of $100,000
  

Renewable Energy
Solar Photovoltaic Panels
Solar Thermal Systems
Wind Systems
Biomass Facilities