星期四, 2月 25, 2021
Home PV News U.S. renewable energy tax grants extended for 1 yr

U.S. renewable energy tax grants extended for 1 yr

The renewable energy industry cheered the passage of the U.S. tax bill, which included a provision to extend a generous grant program for projects in the fast-growing sector.


The grant program allows qualifying renewable energy projects such as solar and geothermal power plants to apply for a Treasury Department grant that covers up to 30 percent of costs. Until U.S. President Barack Obama signed the bill into law, the program was slated to expire on Dec. 31, 2010.


"Orders will be on the rise for new wind power, and investors will put more capital into the U.S. economy because of what happened in Congress," said Denise Bode, chief executive of the American Wind Energy Association.


The solar and geothermal industries also praised the provision's passage, saying it would help them drum up business and create new jobs.


The Solar Energy Industry Association said the grant program has already helped install about 1,000 megawatts of solar-electric capacity this year, sustaining thousands of jobs in construction and installation and supplying enough power for about 200,000 homes.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -

Most Popular

ComEd report finds investments in residential solar, energy efficiency benefit all customers

ComEd this week reported to the Illinois Commerce Commission (ICC) that residential customers are receiving savings and clean energy benefits from the Future Energy...

New Solar Access Act aims to implement automated solar permitting in most California cities

Senator Scott Wiener (D-San Francisco) introduced SB 617, the Solar Access Act. SB 617 implements automated solar permitting in local jurisdictions with over 10,000...

Biden administration restores amendments to Desert Renewable Energy Conservation Plan

California Energy Commissioner Karen Douglas released the following statement in response to the U.S. Department of Interior’s decision to revoke amendments to the Desert...

Missouri legislature considers taxing solar-powered households and businesses

The Missouri Solar Energy Industries Association (MOSEIA) announces that the state’s upcoming HB539 and SB178 bills, which seek to modify the state’s net-metering program,...