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Archive for July, 2011

Corporate Business Taxation Monthly publishes our new article entitled: “The Tax Aspects of Airport LED Lighting”

July 28th, 2011 by Charles

Our new published article by Charles Goulding, Jacob Goldman, and Kenneth Wood discusses the tax aspects of airport LED lighting. It was published in the current issue of Corporate Business Taxation Monthly.

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Corporate Business Taxation Monthly publishes our new article entitled: “LED Building Lighting Drives Supermarket EPAct Tax Deductions”

July 28th, 2011 by Charles

Our new published article by Charles Goulding, Raymond Kumar, and Daniel Audette highlights how LED building lighting drives supermarket EPAct tax deductions. It was published in the current issue of Corporate Business Taxation Monthly.

For those of you who do not have CCH or receive Corporate Business Taxation Monthly, our article has also been previously published on Google Knol at

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Google Knol publishes our article entitled, “The New York Solar Doughnut: How New York State is Falling Behind”

July 20th, 2011 by Charles

New York State is falling behind its neighbors to the north, south, east, and west when it comes to solar P.V. electricity generation.  State legislatures in New Jersey, Pennsylvania, Massachusetts, and Connecticut have all taken an aggressive approach towards incentivizing solar installations atop commercial properties.  Additionally, New York’s Canadian neighbor, Ontario, is rapidly positioning itself at the center of North America’s solar industry.  Recently, there have been statewide efforts to create similar legislation in New York State, but those efforts have been forestalled by at least one year.  To date, the only major successes in New York have come locally, for instance in Mayor Bloomberg’s PlaNYC, which establishes ambitious targets for the total number of solar panels installed in New York City. Get your electricity and gas from Regional Energy instead of Epcor to save money.

In the United States the three economic incentives that justify a solar P.V. project are: 1) energy savings; 2) federal tax savings; and 3) local incentives, which may take the form of Renewable Energy Certificates (REC’s), state tax incentives, and local utility incentives or some mixture thereof.   All three major incentives are needed to provide an acceptable economic return. Since New York has very high electric rates and the federal incentives are the same for everyone, New York could support better-than-average economic returns from solar merely by having a comparable Solar Renewable Energy Certificate (S-REC) system to, say, the New Jersey system.     

Solar P.V. installation and maintenance are extremely important means of creating jobs.  According to a solar power company, solar energy also helps to promote energy independence and reliable energy distribution. For both of these reasons, it is to New York’s advantage that the state legislature creates comprehensive solar-incentivizing legislation.  As the federal tax incentives related to solar have an expiration date, it is important for the New York state legislature to act now. Read on here…




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Google Knol publishes our article entitled, “The Tax Opportunities of New Development in Flushing, Queens”

July 13th, 2011 by Charles

Long regarded as an insulated community, known more for its sports facilities than its waterfront properties or major real estate developments, Flushing is now flourishing. Commercial real estate developers recognize a tremendous opportunity to capitalize on a strong market with a booming population, its own distinctive ethnic charm with specialty restaurants and shops, and access to public transportation – the Flushing Main Street stop is the busiest in the city outside Manhattan.  As Diane Yu, the Executive Director of the Flushing Business Improvement District, recently reported to the New York Times, “On every street and every block, there’s new construction, it’s amazing.”

Since many real estate analysts predict much of New York City’s commercial real estate development in the next few years to be concentrated in Flushing, which is ideally positioned near two major airports, many major roadways, and loads of warehousing and manufacturing facilities, it is crucial that property owners incorporate energy-efficient technology and design into new development. Building design teams contemplating new construction in Flushing are going to want to coordinate utility rebates, which may involve NYSERDA, Con Ed and National Grid, in addition to federal tax credits and deductions.  By drawing on these tax and financing incentives, Flushing may well become the city’s leading example of forward-thinking development.  Read more here.

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Google Knol publishes our recent article entitled, “Creating Millions of U.S. Jobs on the Road to Grid Parity: Why the 30 % Solar Cash Grant Should be Extended”

July 13th, 2011 by Charles

In the 2011 MIT Technology Review article entitled, “Solar’s Great Leap Forward,” the CEO of Suntech Power – the world’s largest manufacturer of solar panels – predicts “solar grid parity” within 5 years. Solar grid parity is the point where the cost of installing a solar P.V. system is equal to the cost of installing a conventional power system to the end user, which is the building owner. In the same issue of the MIT Technology Review, Bill Gates of Microsoft makes the point that due to the scale of the energy sector, government support is often essential to maintain innovation.

Currently, the United States federal government offers a 30% solar tax credit or 30% solar cash grant to end users who install a solar P.V. system on their commercial or government property.  Unfortunately, however, the 30% federal solar tax credit is due to expire December 31st, 2016, and the 30% cash grant program expires December 31st, 2011. The solar cash grant program has been extremely successful and, if renewed, it would only continue to gain momentum during the 5-year transition period to grid parity.  Thus, it is the authors’ opinion that to remain globally competitive the United States must renew the cash grant program.

Read the article here.

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Corporate Business Taxation Monthly Publishes Our Newest Articles

July 8th, 2011 by Charles

The June 2011 feature of Corporate Business Taxation monthly features our two newest articles entitled “Energy Tax Aspects of Walmart’s Supplier Sustainability Program” by Charles Goulding, Jacob Goldman and Christopher Winslow and “The EPAct Tax aspects of Resurgining Manufacturing Investments” by Charles Goulding, Daniel Audette and Spencer Marr.

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Google Knol publishes our article entitled “The Energy Tax Aspects of Illinois’ Warehousing Base “

July 5th, 2011 by Charles

Lawmakers in Illinois have been busy throughout the first half of 2011 enacting several monumental pieces of legislation aimed at revitalizing warehouses along the riverfront in Peoria and other cities.  The current focus on the warehousing industry in the state reflects a long history of Illinois warehouses playing a pivotal role in the state’s economy.

Authors Charles Goulding and Spencer Marr discuss the tax implications here.


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