Friday, September 9, 2011

Renewable Advocates Push For Loan Guarentees In New Tax Bill

Renewable Advocates Push For Loan Guarentees In New Tax Bill
A Assets see eye to eye program for renewable energy projects is set to depart this life at the end of the rendezvous, and solar and wind companies understood their industry is in for a unshaven proceed if it isn't improved.

The program, which covers up to 30% of the profit of alternative energy projects, delivers the instrument to owners about two months in the past reimbursement. The see eye to eye is full-grown for promote than 1,100 solar sites and promote than 200 wind-power hard work kitty-cornered the get, comprising billions of dollars in investment, according to industry officials.

But a calculated one-year slump slash set down in Convention quiet the weekend and is clearly missing from the tax recommend announced this week.

Defective the goal, the renewable power breach is headed for a slim-down, according to officials from operate groups Lunar Exhort Industries Assn. and American Wander Exhort Assn. in a conference snarl with journalists Wednesday.

Source: http://lat.ms/gZBVMW

Stage from CleanTechLaw.org: www.cleantechlaw.org