The solar industry wants (and, quite frankly, needs) some stimulus. With the market completely dropping out in Spain and a huge oversupply in China, the solar industry is looking at some rough years ahead.
So, of course, the new administration and its colossal stimulus package is looking to make sure that the solar industry keeps its footing, while helping to meet Obama's goal of doubling solar energy production in the next three years.
As of today, the solar industry is looking for two big boosts. The House is looking to give them one while the Senate wants to give them the other. It's my hope that they'll get both, but that is by no means guaranteed.
The House bill would allow people funding solar installations to get their tax break refunded to them. Before this year, that wasn't a big deal, since big companies with names like Wachovia had lots of profit to write off. Now, since they don't, they don't need the tax breaks. So they want the money they would get as tax breaks in the form of a check. The House bill would give that to them through a DOE grant program.
The Senate bill on the other hand has a manufacturing (not installation) tax credit. That will keep the solar manufacturing industry in the U.S. growing and competitive with emerging solar manufacturers in China.
I honestly believe that both of these incentives are necessary. The solar industry is still very young, and money applied at this time will have a very large impact over the life of the industry. We're deciding now how a soon-to-be-billion-dollar-industry will be structured. Now is the time for incentives. So call your Representative and tell them to include "refundable tax credits for solar installations" and then call your Senator and ask him or her to make sure the stimulus package has "manufacturing tax credits for solar companies."
written by Andre Walker, February 06, 2009
written by Greenat50, February 06, 2009
written by NewWays, February 08, 2009
written by Tom Swann, February 09, 2009
written by Anthony, February 17, 2009
|< Prev||Next >|