Tuesday, December 21, 2010

More Evidence of Alternative Energy Subsidies Ending

  "Federal Money for Alternative Energy is Drying Up."
For instance, Congress seems to have dispensed with one major program that has been a boon to solar and wind companies: a grant program that provides 30 percent of the cost of developing alternative energy projects through tax breaks. That has disappeared from the Congressional agenda twice, including in the tax-cut bill that Congress is working on. The end of the tax breaks are likely to result in the loss of about 15,000 jobs, according to industry estimates. 
That loss may be mitigated if a provision in the tax bill survives that would allow some companies getting some grants in cash, instead of tax breaks, but this is still uncertain at this point. 
The tax bill also does not provide any more money for an advanced manufacturing tax credit — a $2.3 billion program that gave tax breaks to companies that manufacture solar energies.

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