Stimulus Plan- Energy Grants

Welcome, solar enthusiast.

Straight from propublica.org’s website dedicated to deciphering the stimulous:

5 million dollars earmarked for:
“Treasury Department Energy Grants in Lieu of Tax Credits. Under current law, taxpayers are allowed to claim a production tax credit for electricity produced by certain renewable energy facilities and an investment tax credit for certain renewable energy property. These tax credits help attract private capital to invest in renewable energy projects. Economic conditions have undermined the effectiveness of these tax credits. As a result, the bill would allow taxpayers to receive a grant from the Treasury Department in lieu of tax credits. This grant will operate like the current-law investment tax credit. The Treasury Department will issue a grant in an amount equal to 30% of the cost of the renewable energy facility within 60 days of the facility being placed in service or, if later, within 60 days of receiving an application for such grant.”

Everyone is interested. We’ll just have to see where this goes. Deep Patel of GoGreenSolar.com has some interesting thoughts as well. Check ‘em out. What do you think? Have you heard any rumors yet? Report back!

Related posts:

1. Solar Energy in Space I wasn’t sure that solar could get more interesting than it is already but – Solar in Space? This is too good to be true.  My Star Trek watching grandmother is even excited.  The stunningly visionary company in the state of California, Solaren, is considering sending solar panels into space so...
2. Green Energy Economy and Your New Job The Climate Bill that passed the House last Friday signals the first legislative steps to addressing global warming; signaling imminent solar job growth explosions across America, lending teeth to the promise of new jobs building the green economy.  But folks, it’s happened already. Despite the lag time in official Green calligraphy until just...
3. EnviroBlogging Works!- Duke Energy Updates Business- Jobs! Green Planet wrote an article about young, savvy bloggers debunking lies put out by coal companies.  Google search “clean coal” and tell me what you find out in just under 2.4 seconds.  Thanks to the truth tellers of the environmental movement (go Millennials!) the average commercial-watching American has learned that clean coal isn’t really...
4. Most of the US is “good to excellent” for solar energy There is a widespread misconception that solar energy is only viable in the Southwestern United States. In reality, solar energy is viable across the nation. The Department of Energy has prepared the map below, showing the potential to produce solar energy. If you look closely, you may find a...
5. Hey LA – Solar Power the Hollywood Sign Western wanderers drive vast distances to arrive at the promised land of Los Angeles. People fly for hours, cross oceans and all go for a gander of the famed Hollywood sign- one of the greatest symbols of the American Dream that we have in the US. Did you know...

Tagged as: deep patel, gogreensolar.com, installer network, solar energy, solar grant, stimulous, taxpayers