End of Solar and Wind Energy Grants Puts Thousands of Jobs at Risk

[The Straight Story]

End of Solar and Wind Energy Grants Puts Thousands of Jobs at Risk

Lost amid the fighting over extending tax cuts for the rich has been a subsidy program for alternative energy projects that is set to expire at year’s end. Advocates for the solar and wind industries say the grants are needed to keep projects moving, lest they shut down and force hundreds and maybe thousands of workers out of their jobs.

An effort to extend the renewable energy convertible tax credit program—otherwise known as the Treasury grant program—died last weekend in the Senate. Although referenced as a tax credit, the program really provides grants to help new solar and wind farms get established.

So far, nearly 1,200 solar projects in 42 states have been built with $1.3 billion from the program. This year alone, the solar industry added 1,000 megawatts of power in small, medium and large projects, and next year 2,000 more megawatts could be produced. But if the grant program dies, the total could be reduced to 800 megawatts for 2011.

http://www.allgov.com/Where_is_the_Money_Going/ViewNews/End_of_Solar_and_Wind_Energy_Grants_Puts_Thousands_of_Jobs_at_Risk_101214

[Ichingcarpenter]

1. It was a Ponzi dream

They never wanted the US to catch up with the rest of world.



Tell me........ where is the ground broken on in the US on High speed Rail?

That too is bullshit.... I only hope for California.

[theophilus]

2. If we end these grants and don't increase them many fold, we are stupid. n/t

[RKP5637]

3. US = United Stupidity! n/t

[glinda]

4. Well said.

[ladjf]

5. The fossil fuel companies continue to "strangle the child of

alternate energy" before it can get started.

We may live in the most corrupt Country on the Planet.