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17 Sep '12, 1pm

Report: Cash incentives better than federal tax credits for US renewable energy: Replacing federal tax credits w...

As the pre-election debate continues in the US about future federal incentives for the solar and wind industries, a new report by Climate Policy Initiative (CPI) says the government could sustain support for renewable energy at much lower cost to taxpayers. The key is replacing current tax credits with cash incentives. For example, a taxable cash incentive for wind energy could deliver the same support to wind projects as current policy and almost halve the cost to taxpayers, according to the report, Supporting Renewables while Saving Taxpayers Money . "Policymakers support renewable energy because it generates many benefits for the American people," said Kath Rowley, director of CPI's US office. "This support is critical to continued wind and solar industry development. However, key policies are set to expire just when lawmakers are looking for ways to reduce the deficit....

Full article: http://www.renewableenergyfocus.com/view/28257/report-cas...

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