As we get close to having a completed economic stimulus package, it looks like Solar is going to have a key part of that. In the current un approved form is the following according to Solar Energy Magazine:
"Primary among these provisions is a new renewable energy grant program intended to serve as an alternative to tax credits. Through the program, the U.S. Department of Energy will offer grants equal to 30% of a solar project's cost, if the system is placed in service during 2009 or 2010.Other provisions include an allowance for the federal government to enter into 30-year power purchase agreements (instead of the now-standard 10 years), the elimination of the penalty for subsidized financing for solar projects, the creation of a new loan guarantee program and a 30% investment tax credit for companies that manufacture renewable energy property or equipment."
This is on top of the existing tax incentives.
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