Alternative Energy Research Paper Example | Topics and Well Written Essays - 500 words

Alternative Energy - Research Paper Example There are various alternate energy incentives that the United States Federal Government can offer. It should focus more on promoting renewable energy and for that, there are various incentives that it can offer. The government needs to promote new technology and offer incentives to investors who deploy that technology. Secondly, it should offer opportunities such as tax exemptions for businesses that make use of wind or solar power energy. There is a new law that was recently passed which propagated tax exemptions for homeowners who made energy-efficient improvements in their current homes. The law is under Residential Energy Property Credit (Section 1121) (IRS)This alternative energy incentive was subjected to improvements at home such as adding insulation, constructing energy-efficient exteriors and having energy efficient heating and cool systems at home. The government during Bush’s tenure had chalked out a plan to convert all taxis to hybrids by 2012. Various incentives w ere offered to back this motive by the government. Ethanol producers were given 50 cents per gallon credit. (Renewable energy is a job creator, 2011) Solar technology as the name implies uses sun’s energy to generate heat, light, and electricity. There are various types of solar collectors which are used to trap the sun’s energy. Passive solar buildings designs are built to trap the sun’s heat; photovoltaic cells are designed to trap sunlight and to convert it into electricity directly. It is a renewable form of energy. On the plus side, this is an abundant source of energy, is renewable and clean.