Report: 1603 Grant extension could result in 2,000 MW solar growth - Power Engineering

Good luck with that, boys.

http://www.power-eng.com/articles/2011/10/1603.html

Report: 1603 extension could result in 2,000 MW solar growth
Social Media Tools
Share
Print Email Save

Sponsored by FLSmidth

10/12/2011

A report released by the Solar Energy Industries Association (SEIA) says
that a one-year extension of the Section 1603 Treasury Program would result
in nearly 2,000 additional MW of solar installations by 2016.
The report, "Economic Impact of Extending the Section 1603 Treasury
Program," conducted by global energy analysis firm EuPD Research, examines
projected job growth and solar deployment associated with a one-year
extension of the Section 1603 Treasury Program. 
According to the report, a one-year extension would result in the solar
industry supporting an additional 37,394 jobs in 2012. The report also
analyzed scenarios for two and five-year extensions of the program.
The program was created in 2009 in the wake of the financial crisis, which
reduced the availability of tax equity financing for energy projects. The
Section 1603 Treasury Program allows energy developers to receive a federal
grant in lieu of claiming an existing energy tax credit. The program does
not create any new incentives, but instead accelerates the timing of
existing credit. The program is set to expire on Dec. 31, 2011.
Read more solar energy news

Sent via BlackBerry from T-Mobile