09 Sep '13, 3pm

A Call for Cost Comparisons: How Can the US Achieve a Renewable Energy Transformation?

The core finding of the study is that federal renewable energy tax credit policy may not yield the best return on the nation’s tax credit investment. The study concentrates on tax policy that sets a fixed credit rate per each kilowatt-hour produced via renewable energy. The allowable tax credit is determined by multiplying the fixed credit rate by the total number of kilowatt-hours produced at a renewable energy generation site. Naturally, renewable power generation projects in areas with more sun and wind exposure will generate a greater tax credit than those with less exposure. Thus, this type of tax policy favors installation of renewable energy projects in areas rich in renewable energy resources. But, generating tax credits based on power production may not be the best way to achieve the goal of the renewable energy tax credit policy. Regions rich in renewable energy ...

Full article: http://www.renewableenergyworld.com/rea/news/article/2013...

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