Skip to comments.Solar and wind power industry urges renewal of multi-billion dollar federal Treasury grant program
Posted on 12/08/2010 1:32:49 PM PST by NormsRevenge
The end of the year -- and the expiration date for a Treasury grant program that buoyed the renewable energy industry during the economic slowdown -- is just around the corner, and solar and wind power leaders are bracing for the blow.
A one-year extension proposed by Senate Finance Committee Chairman Max Baucus was shot down over the weekend. This weeks tax agreement between President Obama and congressional Republicans doesnt include a lifeline for the Treasury grant program.
The program grew out of a federal tax credit that covered up to 30% of the cost to build a renewable energy project. In February 2009, as part of the governments stimulus package, the offer was updated so that project owners could receive the funds about two months after finishing construction.
In that form, the program helped funnel more than $1.3 billion into 1,170 solar projects across 42 states while supporting 211 wind-power efforts in 38 states with $15 billion, according to industry groups.
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I have a better idea. No govt handouts for these inductries. Let them make or break based on their
Hey libs, try this proven idea: make a profit doing something.
I know that’s hard for you, since the vast majority of you have NEVER had an original idea or even know how to run a lemonade stand.
And leave the undereducated, immoral, and quite stupid government OUT OF IT.
We don’t like you, we loathe you, and soon, we’re gonna hunt your smelly Obama-butts down.
There's 10,000 years worth of fuel sitting there right now.
Even the FRENCH are totally nuclear. That is EMBARASSING...
stop spending the taxpayer’s money.
If it can’t make it with private funding stick the plans in a drawer for another day.
In my neck of the woods (eastern Kansas), coal power is cheaper than nuke power. I know because a few years ago, it was decided that I (on the coal plant) would get to help pay the higher rates of people on the nuke plant.
Coal is still king around here.
And all the “fossil” fuels were put here for us to use.
They will NOT run out on this earth.
The French make their operations more efficient with breeder reactors.
Does anyone else live in Southern California? Have you driven through any of those windy desert passes? Who was the moron that said wind and solar doesn't have any environmental impact? The visual blight caused by 5,000 whirling windmills totally ruins the view at some of these locations. Frankly, it looks far worse than a strip mine or clear-cutting of forests, and I can still recall environmentalists having conniptions and myocardial infarctions over THOSE.
480k per house not including up keep of the solar panels, sounds fantastic to me. Obama really got a good deal for the tax payer.