France Invests Billions in Renewable Energy Program
World's Largest Wind Farm under Construction in China
Arizona Lands Fifth Solar Firm Under New, Aggressive Incentive Program
SunPower Solar Installations to Create 1000 New Jobs
World's Largest Wind Farm to Receive $1.3 billion DOE Loan Guarantee
Mayor Lewis of Gilbert, Arizona on the Attractiveness of Arizona for Renewable Energy Comp
India Wind Turbine Deal Finalized between AMSC & India's Inox Wind
GE Invests $117 Million in EDP Renewables’ Oklahoma Wind Farm and Additional $111 Million
Solar Renewable Energy Credit allows New Jersey Homeowners to Earn Big Money for Solar Pow
California Renewable Energy Project Proposals near 70GW
250 MW Photovoltaic Solar Plant Coming to Central California
Solar Industry at Highest Level Ever and Will continue to Increase next year
China Requires Utilities to Buy All the Electricity Generated By Renewable Energy Companie
Mexico Wind Farm to Provide Power for California Households
Solar Powered Cell Phone Towers to Serve 1 Billion Users by 2015
Renewable Energy Tax Grant Program gets One Year Extension
Solar Energy and Wind Energy Industries assured of one more year of tax grants to aid expansion
In an overwhelming majority vote of 81-9 in the Senate and 277-148 in the House of Representatives, the U.S. has voted to continue for another year the Department of Treasury Section 1603 renewable energy tax grant program, which allows owners of commercial wind and solar energy companies to receive a cash grant instead of a 30% federal tax credit. This renewable energy tax grant program has been vital to driving the solar energy industry's expansion and to keeping the wind energy industry afloat.
Solar Energy Tax Grant Program Extension Approved by Senate
Senators Cantwell, Ensign, Feinstein, and LeMieux led the push to pass the extension in the Senate. The renewable energy tax grant program is a part of the American Recovery and Reinvestment Act and was set to expire at the end of 2010.
The Section 1603 renewable energy tax grant program has provided $1.3 billion to help fund 1,179 solar energy projects, which has more than doubled the amount of solar energy installations in the U.S. in the last year. In 2009, 435 megawatts of new solar energy was installed; in 2010, the new solar energy installed amounted to around 1,000 megawatts and this number is expected to double again in 2012.
Denise Bode, the CEO of the American Wind Energy Association, noted that the Section 1603 renewable energy tax grant program is crucial to the developing wind energy industry too. She predicted that wind energy could provide 20% of Americans' electricity by 2030 if the industry continues to get consistent funding.
We're relieved to hear about the extension since continuation of the renewable energy tax grant program is absolutely crucial if we are to see wind and solar energy continue to expand across the United States.
Recommended for Further Reading:
- France Invests Billions in Renewable Energy Program
- World's Largest Wind Farm under Construction in China
- Arizona Lands Fifth Solar Firm Under New, Aggressive Incentive Program
- SunPower Solar Installations to Create 1000 New Jobs
- World's Largest Wind Farm to Receive $1.3 billion DOE Loan Guarantee
- Mayor Lewis of Gilbert, Arizona on the Attractiveness of Arizona for Renewable Energy Comp
- India Wind Turbine Deal Finalized between AMSC & India's Inox Wind
- GE Invests $117 Million in EDP Renewables’ Oklahoma Wind Farm and Additional $111 Million
- Solar Renewable Energy Credit allows New Jersey Homeowners to Earn Big Money for Solar Pow
- California Renewable Energy Project Proposals near 70GW
- 250 MW Photovoltaic Solar Plant Coming to Central California
- Solar Industry at Highest Level Ever and Will continue to Increase next year
- China Requires Utilities to Buy All the Electricity Generated By Renewable Energy Companie
- Mexico Wind Farm to Provide Power for California Households
- Solar Powered Cell Phone Towers to Serve 1 Billion Users by 2015
Renewable Energy Tax Grant Program gets One Year Extension http://t.co/qxRjIXng #eco #cleantech #greenbuilding #renewableenergy
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We will not have to crufeally save every Watt of power when my new clean energy source is mass produced. Then there will be an absolute glut of power at ridiculously low rates. Gordon L. Ziegler
Renewable Energy Tax Grant Program gets One Year Extension http://bit.ly/gO5x41 #eco #cleantech #greenbuilding #renewableenergy
Renewable Energy Tax Grant Program gets One Year Extension http://bit.ly/gO5x41 #eco #cleantech #greenbuilding #renewableenergy
Renewable Energy Tax Grant Program gets One Year Extension http://bit.ly/gO5x41 #eco #cleantech #greenbuilding #renewableenergy
Solar Energy Tax Grant Program Extension Approved by Senate: Tax Grant Program extension crucial for solar energ... http://bit.ly/ehs1gC
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RT @buildaroo: Senate Extends Renewable Energy Tax Grant Program http://bit.ly/gO5x41 #solar #cleantech #renewableenergy
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