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Green energy boom in bailout bill

Posted on 03 October 2008

From Forbes: Renewable energy providers will reap an immediate benefit from the raft of new incentives in Washington’s financial rescue package. Better late than never. John Berger, chief executive of Standard Renewable Energy, was holding his breath this week.

“If it passes, this would complete the mainstreaming of solar energy in the U.S.,” says Berger, who generates 85% of Standard’s $20 million in annual revenues from solar installations. He figures the new tax credits could quintuple his solar business in a year. The old set of federal incentives for energy investments in wind, solar, biomass and geothermal expire at the end of this year. The industry thought Congress was about to pass the bill back in May but squabbling over how to pay for the estimated $17 billion cost over eight years derailed negotiations….. Full Article: Source


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