22 Dec '11, 10pm

Obama Administration Approves 2 Huge Renewable Energy Projects

First it is great news. And now my x-mas wish, I want to wake up on the 25th to the following news report. Congress/Senate/Pres have agreed to go green. Starting on Jan 1 the US will start the following policies: 1) National FIT, with roof top, parking lot top project receiving a 20% bonus on top of normal FIT. FIT will be tiered to promote local ownership. - For projects that product less than 3x annual use by a build/campus the utility has 1 month to resolve connection issues. After that they start paying 10% of the FIT (based on rated max production), increasing additional 10% each month until connected (to a max of 150% of FIT). 2) A carbon tax on coal, oil, gas. Starting small and going up each quarter. See the carbon tax post for the messy details on import taxes etc. 3) End all special tax breaks/loops holes to coal, gas, oil, nuclear. Stop all government funding/br...

Full article: http://cleantechnica.com/2011/12/22/obama-administration-...

Tweets

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