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Wind, Solar Industry Leaders Say Obama, Congress Should Make Tax Incentives Refundable
Solar Energy Industries Association, January 9, 2009
The American Wind Energy Association and the Solar Energy Industries Association today reported that both wind and solar energy enjoyed record-breaking years in 2008, but face a dramatic reduction in 2009 if Congress and the incoming Administration do not take swift action to help make renewable tax incentives work in today’s difficult economy. Both cited the need to make the ITC and PTC refundable to preserve their effectiveness in the current economic climate and maintain the very strong growth of both industries. They said the new Administration and the 111th Congress must act immediately to make renewable tax incentives refundable so they can work as they are intended to – even in the current financial context. |