Volume 86 Issue 42 | pp. 40-45
Issue Date: October 20, 2008

U.S. Solar Energy Heats Up

Infusion of tax breaks and venture capital may jolt underutilized energy source to prominence
Department: Government & Policy | Collection: Climate Change, Green Chemistry
News Channels: Environmental SCENE

THE SOLAR INDUSTRY received a powerful boost two weeks ago, when Congress passed and President George W. Bush signed a $700 billion bailout package for financial markets. Married to the financial rescue bill were energy-related tax incentives for coal, hydrogen, wind, oil shale, solar, and more.

The solar provisions expand in dollars and extend in years the current tax breaks that would have expired by year's end. The solar incentives now last for eight . . .

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