Is your firm taking advantage of
renewable energy tax credits?
Sean Sabre, Regional Supply Chain Manager – Americas,
ModusLink Global, Packager
So, what do photovoltaic investment tax credits have to do with greener packaging? Well, quite a bit. If you have been using the Walmart scorecard, you will have noticed that ever since the beta, there has been a question regarding the use of renewable energy. While everyone has placed a considerable emphasis on biopolymers, recycled content, and recovery, I haven’t seen a lot of dialogue on renewable energy. Photovoltaic (solar), wind, and geothermal investment tax credits have been around for a while. Unfortunately, a lot of firms either aren’t aware of existing and pending legislation along this front or they feel a realistic ROI is beyond reach. Believe it or not there are heavy incentives out there for material OEMs, converters and co-packers to harvest up to 30% state credit and 35% federal credit for renewable energy system investments. Maybe it’s time we build a dialogue on best practices regarding learning about and promoting renewable energy within the packaging community. Read 4 responses to this question: greenerpackage.com/node/964
