January 1st marked the end of some attractive tax breaks for homeowners who sought to make their homes more energy efficient.

While there certainly were perks for taxpayers, the $858 billion tax bill signed by President Barack Obama in December extended but dramatically cut the dollar amount of tax credits available for energy-efficient home retrofits.

Instead of the maximum tax credit of 30 percent of a project, or up to $1,500, the 2011 credit is 10 percent of a project, or no more than $500. Other restrictions apply, too, like a flat $200 limit for new windows and a $300 limit for the installation of a new water heater. There’s an additional piece of bad news for consumers who were making energy improvements to their homes in phases: Homeowners who already took advantage of the program aren’t eligible for another tax credit.
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New York City’s iconic Empire State Building, once the world’s tallest building, has been undergoing a multi-million dollar green renovation that will now extend to the power that’s used by the 102-story Art deco landmark’s tenants.

Malkin Holdings, which operates and maintains the 2.85 million square-foot office building has announced it will buy 100 percent of its power from a wind farm owned by Green Mountain Energy Company.

“It was a natural fit for us to combine 100 percent clean energy with our nearly completed, groundbreaking energy efficiency retrofit work,” said Anthony E. Malkin, President of Malkin Holdings, which runs the building, said in the announcement.

“Clean energy and our nearly 40% reduced consumption of watts and BTUs gives us a competitive advantage in attracting the best credit tenants at the best rents,” he said.

The two-year contract for 55 million kWh of renewable energy annually will prevent nearly 100 million pounds of carbon dioxide emissions each year, the firm said.

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By: Steve Cowell

As our economy continues to sputter, one little-noticed industry has been booming for a while now: energy efficiency. The sector is hiring like crazy — a fact that speaks volumes about the close relationship between clean energy and the economic recovery that we’re all waiting for. Energy efficiency could save us all.

My firm works with utilities, government agencies, housing authorities, and other groups to help increase energy efficiency. We started in 1984 with three employees and one office. Today, we have nearly two dozen offices nationwide and employ 700 staffers from coast to coast. Most strikingly, we’ve added more than 250 people and 12 offices in just the last two years. The reason is crystal clear: Energy-efficiency services are in great demand. We are continuing to expand rapidly as more groups turn to us for help.

But energy-services firms are not the only ones that can benefit from the demand for energy-efficiency services. With the right programs in place, reducing power consumption can improve the bottom line for many other types of companies. Case in point: The building infrastructure in this country is old and inefficient. Retrofitting these buildings requires an army of workers. These include heating/air conditioning installers, insulators, and building inspectors. Many of these tradespeople are out of work and these retrofitting jobs can get them back on their feet. Products like insulation, caulk, triple-paned windows and doors, and high-efficiency heating and cooling systems will also get a boost. And that’s not all. The goods need to be made, inspected, shipped, and sold, widening the circle of employment opportunities for manufacturers, retailers, and distributors. This expanded workforce means people will have more money to spend.

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QUINCY, MA The state declined to grant a variance for a heating-system replacement project for Quincy public housing because the new heating units do not comply with a new energy code that took effect July 1.

The state Board of Building Regulations and Standards rejected the Quincy Housing Authority’s variance appeal after a hearing last month, the authority’s director and Quincy’s inspectional services director said.

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By: Todd Woody

The United States is on the verge of a solar boom that could provide 4.3 percent of the nation’s electricity by 2020, according to a new report from Bloomberg New Energy Finance.

There’s just a 12-figure catch: Investors need to put $100 billion into the solar industry to keep the generation of solar electricity growing by 42 percent a year for the next decade to expand capacity from the current 1.4 gigawatts to 44 gigawatts.

“Policy measures such as tax credits, capital expenditure grants, generation incentives and renewable electricity credits will remain a key driver of solar uptake in the U.S. for at least the next three years,” according to the report from Bloomberg New Energy Finance, a research and consulting firm. “The current drop in solar costs is taking place just as such policies are being implemented by the federal and various state governments, which is expected to lead to rapid growth in commercial, utility and residential solar power.”

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