31. August 2009

USD 2.3 Billion Investment Tax Credits for U.S. Renewables

US Treasury and US Departement of Energy departments announced the initiation of the USD 2.3 billion tax credit program for manufacturers of clean energy equipment from the stimulus package. The program will provide developers of manufacturing plants with an investment tax credit of 30%. To qualify, manufacturers must produce equipment for solar energy, wind energy, or geothermal energy; fuel cells, microturbines or batteries.