Jan 28, 2012

Clean Energy Projects Face Waning Subsidies - NYTimes.com

...The wind and solar companies argue that the tax breaks they are seeking are different. The tax credits can be taken only by businesses that are already up and running, so taxpayers are less likely to be stuck subsidizing a failing company, proponents say.

“This is a program that doesn’t pick winners or losers,” said Rhone Resch, president and chief executive of the Solar Energy Industries Association. “It’s hard to argue against a program like this that is creating jobs.”

Without the new breaks, industry executives warn, they will be forced to scale back production and eliminate jobs in a still-weak economy....

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