According to the Charlotte Observer (Ingersoll-Rand expects energy bill credit),
Section 1336 of the Energy Policy Act, signed Monday by President Bush, provides a 10 percent tax credit to buy microturbines, which are essentially miniature power plants. Ingersoll-Rand makes microturbines, among other products, at its sprawling campus 20 miles north of Charlotte.
Microturbines help reduce greenhouse gas emissions. They capture methane gas from hog farms and trash dumps and turn it into electricity. The electricity is cheaper than that from coal-fired power plants.
This sounds like a subsidy that I might like. Sorry Congress, I take back some x% of the energy bill bashing that has taken place on env-econ.
Now please, someone tell me the bad news: what is wrong with microturbines?
