29 Feb '12, 6pm

Obama's Tax Framework Proposes Permanent Renewable Energy PTC via @SolarIndustry #solar

President Obama's plan for business tax reform, released jointly by the White House and the U.S. Department of the Treasury, calls for major enhancements to federal renewable energy incentives, including a permanent production tax credit (PTC) for solar energy and other renewables. The president's tax framework recognizes that to date, the U.S. has only provided a temporary PTC for renewable energy - a practice that has led to instability in the solar and wind industries. This market volatility has been a burden not only on the renewable energy sector, but also on the financial markets and the overall economy. "This approach has created an uncertain investment climate, undermined the effectiveness of our tax expenditures and hindered the development of a clean energy sector in the United States," the president's framework states. Moreover, under the current tax structure, ...

Full article: http://www.solarindustrymag.com/e107_plugins/content/cont...

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