SUNY ORANGE TO HOST BROWNFIELD TAX CREDITS WORKSHOP APRIL 21

4/14/2009

Event to Highlight Tax Credit Program and Combined Heat and Power (CHP) Alternatives

MIDDLETOWN, N.Y. – SUNY Orange will welcome Tom Kelly of Pace University and Charles Radier of Empire State Development to campus from 11 a.m. to 12:45 p.m. on Tuesday, April 21, to conduct a lecture and roundtable discussion on “Brownfield Tax Credits: An Incentive for Siting Combined Heat and Power (CHP).”

The event, sponsored by the College’s Global Initiative: Sustaining the Earth” program, will be held in Room 111 of Harriman Hall, located on SUNY Orange’s Middletown campus. Admission is free but pre-registration is preferred.

Kelly is an energy policy analyst for Pace University’s Energy and Climate Center. He will discuss the Brownfield tax credits, existing Brownfield redevelopment programs, clean on-site CHP opportunities and success stories from organizations who have utilized the credits. Radier will explain the importance of the tax credits to development within New York State.

Following presentations by Kelly and Radier, audience members and the panelists will have the opportunity further expand upon market sector opportunities, Brownfield needs that can be met with CHP, and technical or financial assistance that may be available for project development, design or implementation.

The Brownfield Law of 2003 created the Brownfield Cleanup Program, through which applicants can become eligible for the Brownfield redevelopment tax credits. The credits cover costs for site preparation, construction of tangible property and on-site groundwater remediation. Currently, applicants to the Brownfield Cleanup Program that receive a certificate of completion can receive 10 to 22 percent of these costs back as tax credits, which may be “refundable” to the taxpayer if the credits exceed the tax liability to the state. Site preparation may include remediation, excavation and other site work to prepare for redevelopment. Tangible property may include buildings erected on the site.

The Combined Heat and Power Partnership cites CHP, also known as cogeneration, as an efficient, clean and reliable approach to generating power and thermal energy from a single fuel source. By installing a CHP system designed to meet the thermal and electrical base loads of a facility, CHP can greatly increase the facility’s operational efficiency and decrease energy costs. At the same time, CHP reduces the emission of greenhouse gases, which contribute to global climate change.

“Global Initiative: Sustaining the Earth” is a yearlong educational program designed by SUNY Orange to examine issues of environmental stewardship, explore measures to sustain a healthy environment for years to come, and celebrate local and global solutions to environmental problems.

To register for the Brownfield presenation, contact Kelly at (914) 422-4126 or tkelly@law.pace.edu. For more information on “Global Initiative: Sustaining the Earth,” contact SUNY Orange at (845) 341-4343 or visit www.sunyorange.edu/gi.

 

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Mike Albright
Communications Officer
115 South Street
Middletown, NY 10940
845-341-4728
Email