Solar lights the way for economic recovery

Solar Energy Industries Association (SEIA) has been hard at work to help create the new economic  stimulus plan for renewable energy. The plan will create jobs along each link in the solar supply chain.

here is a list of what the plan addresses:

• Renewable Energy Grants: puts solar finance back on track by offering DOE grants as an alternative to the tax credit.


• Repeals Penalty for Municipal Solar Finance Programs: ensures that businesses and individuals can qualify for the full amount of the solar tax credit.


• Loan Guarantee Program: establishes a temporary DOE loan guarantee program for renewable energy and electric power transmission projects.


• Manufacturing Investment Credit: provides up to $2.3 billion to fund 30 percent investment tax credit for facilities engaged in the manufacture of advanced energy technologies.


• Remove Limits on Solar Water Heating: repeals the $2,000 monetary cap, making solar water heating property eligible for the full 30 percent tax credit.

With these plans we can drive America to a greener, energy independent Country.

Read more about it at: Democracy in Action
Source: Vote Solar
Febuary 20, 2009