Nevada senator seeks to give eight-year credit in one year
Senate Majority Leader Harry Reid on Tuesday said he intends to push legislation that would allow renewable energy developers to receive eight years of tax credits in one year.
The senior Nevada senator said the measure would help solar, wind, geothermal and other
renewable energy developers to marshal enough money to build projects, something that has become difficult during the credit crunch. Congress this fall extended tax credits for solar and other renewable power projects for eight more years. Reid suggested the change in tax credits so that "green" power developers could fund projects using their own money and tax credits.
The measure would be part of an economic recovery package that would also call for spending on infrastructure. Read full story:
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