19 May '11, 11pm

Cash incentives for renewables are twice as effective as tax credits:

Cash incentives for renewables are twice as effective as tax credits:

This post originally appeared on Energy Self-Reliant States , a resource of the Institute for Local Self-Reliance's New Rules Project . Using the tax code rather than cash incentives to support wind and solar power costs ratepayers significantly more. I wrote about this problem last year because project developers were selling their federal tax credits to third parties at 50 to 70 cents on the dollar. And David Roberts wrote about it a couple of months ago: Along these lines, the Bipartisan Policy Center released a study [in March] showing that simply handing cash to clean energy developers is twice -- yes, twice -- as effective as supporting them through tax credits. The problem is that all but the largest renewable energy developers can't capture the full value of the federal tax credits. So, prior to the economic collapse, a number of enterprising investment banks (and ...

Full article: http://www.grist.org/energy-policy/2011-05-19-cash-incent...

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