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On Wednesday, President Obama will sign the new stimulus package....The package will be a boom to our industry and the direction we are moving. The stimulus package creates a new 30% tax credit for facilities and equipment used to manufacture renewable energy-generating components, such as solar panels. Finally, the actual makers--not just the end-users--get an break.
It gets better. Taxpayers purchasing PV systems can redeem the 30% tax credit as a cash grant if they do not have a sufficient tax liability to offset. Furthermore, the tax penalty for subsidized energy financing will be repealed.
Finally, the stimulus commits $11 billion to new technologies contributing to a more efficient energy grid, the "smart grid"; $6.3 billion for energy efficiency and conservation grants; and $2.5 billion to fund energy efficiency and renewable energy research.
It gets better. Taxpayers purchasing PV systems can redeem the 30% tax credit as a cash grant if they do not have a sufficient tax liability to offset. Furthermore, the tax penalty for subsidized energy financing will be repealed.
Finally, the stimulus commits $11 billion to new technologies contributing to a more efficient energy grid, the "smart grid"; $6.3 billion for energy efficiency and conservation grants; and $2.5 billion to fund energy efficiency and renewable energy research.
Energy Efficiency, Renewable Energy and The Smart Grid...this is our direction!
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