26 Sep '12, 1pm

CPI: Small Changes to Federal Renewable Policy Could Deliver Big Savings for Taxpayers

CPI: Small Changes to Federal Renewable Policy Could Deliver Big Savings for Taxpayers Federal Wind and Solar Incentives are Critical, Could be more Cost-Effective Federal government support has been crucial to growth in the solar and wind industries. A new report by Climate Policy Initiative (CPI), Supporting Renewables while Saving Taxpayers Money, shows the government could sustain that support at much lower cost to taxpayers, by 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. "Policymakers support renewable energy because it generates many benefits for the American people," said Kath Rowley, director of CPI's U.S. office. "This support is critical to continued wind and solar industry development. However, ke...

Full article: http://www.green-energy-news.com/nwslnks/clips912/sep1202...

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