What does photovoltaic investment tax credits have to do with greener packaging?
Hello All So, what do photovoltaic investment tax credits have to do with greener packaging? Well, quite a bit. If you have been using the Wal-Mart 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 (very important topics) 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 OEM’s, converters and co-packers to harvest up to 30% state credit and 35% federal credit for renewable energy system investments. There is also a slew of state and federal legislation pending to modify the feedback rate a firm can get for selli
