Hot Stories

Solar Energy Tax Credit May Be Saved By Washington Gridlock

Submitted on 10/01/12, 05:35 AM | Click Here for the full article: Huffington Post

Solar Energy Tax Credit May Be Saved By Washington Gridlock

A stalemate in Washington next year over tax reform could help solar developers by preserving the 30 percent investment tax credit for solar projects until it expires at the end of 2016.

Regardless of who wins the Nov. 6 U.S. presidential election, Congress is expected to target tax loopholes and government subsidies as part of an effort to rein in federal spending and cut the deficit.

But an agreement between Democrats and Republicans is not expected to come easily, and an impasse could keep the ax away form the tax credit.

"It's one of those unusual situations where the gridlock that prevails around Congress could actually work to our benefit," Paul Detering, chief executive of San Francisco-based solar project developer Tioga Energy, told the Renewable Energy Finance Forum conference in San Francisco on Thursday.

Comments (0)

This story does not have any comments. Be the first to leave a comment below.

Post A Comment

You must be logged in before you can post a comment. Login now.

Featured Hot Product

Conergy  Local expertise backed by global strength.

Conergy Local expertise backed by global strength.

Conergy is a German-based solar company with subsidiaries all over the world and what you would call a complete all-rounder. We have mastered every aspect of photovoltaics, becoming the player for complete solutions and services from a single source. For our customers and partners this means: more peace of mind, more output, more service. Since our foundation in 1998 we have advised more than 10,000 customers around the globe and provided more than 2 gigawatts of solar module capacity. We have learned a lot in the process about sun, wind and weather on all five continents. And about the high standards required by our international customers. Today, we can offer any private customer, enterprise and investor all-round peace of mind, from small solar installations on residential buildings to medium-sized systems on commercial and industrial buildings and up to the biggest multi-megawatt free-field installations.

Alternative Energy Partners and Sponsors



More Technical eMagazine from LJB