31 Dec '14, 5pm

Obama Administration proposes increased energy R&D spending, big changes to solar tax credits via @Solarserver

The administration of U.S. President Barack Obama has sent a proposed 2015 budget to the U.S. congress, calling for greater funding for the Department of Energy's (DOE) renewable energy office and advanced energy research. The budget would increase funding for the DOE's Energy Efficiency and Renewable Energy (EERE) office by 22% to USD 2.32 billion, and would increase the budget for the Advanced Research Projects Agency - Energy (ARPA-E) 16% to USD 325 million. However, it would also allow the end of the Investment Tax Credit (ITC) and move support for solar to the Production Tax Credit (PTC), which would become permanent and refundable. The Solar Energy Industries Association (SEIA, Washington D.C.) calls this a “huge step backwards”. ITC a key policy for the U.S. solar industry The ITC, which provides a 30% tax credit for the installation of solar and other renewable ene...

Full article: http://www.solarserver.com/solar-magazine/solar-news/arch...

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