Modeling tax credit incentives for business investment in selected energy conservation and production technologies

Technical Report · Mon Mar 01 00:00:00 EST 1982

OSTI ID:6474056

Anandalingam, G; Brown, S P.A.; Bianco, W T

Some provisions of the 1978 Energy Tax Act and the 1980 Windfall Profits Tax Act offer temporary tax credits to businesses making qualified investments in energy capital. These tax credits are intended to provide incentives for energy conservation, new energy source development, and the substitution of other fuels for oil and gas. Qualifying investments include: specially defined energy property (principally waste heat recovery equipment), alternative energy property (principally non-oil or gas combustors), cogeneration equipment, inter-city buses, small hydroelectric facilities, solar and wind energy property, ocean thermal energy conversion equipment, equipment for producing natural gas from geopressurized brine, equipment for producing shale oil and solid waste energy recovery equipment. Included in this report are details of the various methodologies used for analysis and the estimated consequences of the tax credits. For each tax credit under examination that is applied to a well-established technology, the impact of the credit on the time paths of investment and energy saved, the net economic cost of the credit, the direct revenue cost of the credit to the Federal Treasury, and the external benefits per barrel of oil (or the energy equivalent of a barrel of oil) required to offset the net economic cost of the credit are estimated.

• Research Organization: Brookhaven National Lab., Upton, NY (USA)
• DOE Contract Number: AC02-76CH00016
• OSTI ID: 6474056
• Report Number(s): BNL-31278; ON: DE85003168
• Resource Relation: Other Information: Portions are illegible in microfiche products
• Country of Publication: United States
• Language: English

Related Subjects

29 ENERGY PLANNING
POLICY AND ECONOMY
32 ENERGY CONSERVATION, CONSUMPTION, AND UTILIZATION
ENERGY CONSERVATION
TAX CREDITS
ENERGY SOURCE DEVELOPMENT
BOILERS
BUSES
COGENERATION
ECONOMIC IMPACT
GEOPRESSURED SYSTEMS
MUNICIPAL WASTES
NATURAL GAS
SHALE OIL
SMALL-SCALE HYDROELECTRIC POWER PLANTS
SOLAR ENERGY
WIND POWER
DEUS
ENERGY
ENERGY SOURCES
ENERGY SYSTEMS
FLUIDS
FOSSIL FUELS
FUEL GAS
FUELS
GAS FUELS
GASES
HYDROELECTRIC POWER PLANTS
MINERAL OILS
OILS
ORGANIC COMPOUNDS
OTHER ORGANIC COMPOUNDS
POWER
POWER GENERATION
POWER PLANTS
RENEWABLE ENERGY SOURCES
STEAM GENERATION
TRANSPORTATION SYSTEMS
VEHICLES
WASTES
290200* - Energy Planning & Policy- Economics & Sociology
320000 - Energy Conservation
Consumption
& Utilization
299000 - Energy Planning & Policy- Unconventional Sources & Power Generation