in News Departments > Policy Watch
print the content item

Gov. Edward G. Rendell, D-Pa., has announced the availability of a new tax credit to encourage the growth of renewable energy in Pennsylvania.

The Alternative Energy Production Tax Credit Program provides a tax credit of 15% of the net cost of alternative energy production projects that were developed between July 9, 2008, and Dec. 31, 2008.

Types of eligible projects include solar, wind, geothermal, biologically derived methane gas, fuel cells, biomass and coal methane. There is a limit of $1 million per applicant and $5 million for the program. Should the amount of approved tax credits exceed the limit, all tax credits will be pro-rated. Interested parties must apply for the tax credit by Sept. 15.

"When I signed the Alternative Energy Investment Act last July, the goal was to make available a number of funding options to assist Pennsylvania's residents and businesses seeking to battle rising energy costs by developing projects that generate clean, renewable energy, reduce energy consumption and save money," says Rendell.

For more information, visit depweb.state.pa.us.

SOURCE: Pennsylvania Office of the Governor


Trachte Inc._id1770
Latest Top Stories

Federal Appeals Court Finds Obama's Wind Farm Decision Unconstitutional

A federal appeals court ruled that the U.S. government violated the constitutional rights of Chinese-owned Ralls Corp. when ordering the divestment of four Oregon wind farms.


Renewables Make Up Over 50% Of New U.S. Power In First Half Of 2014

According to a recent government report, renewable energy sources, such as wind and solar, continue to dominate new electric generating capacity.


Suzlon Facility Lends Key Assist In Developing 'The Wind Technicians Of Tomorrow'

The turbine manufacturer’s Elgin, Ill.-based training facility is the culmination of a program that puts a new twist on a proven method of instruction.


Having Their Say: CanWEA Clarifies True Source Of Canadian Wind Success

The Canadian Wind Energy Association (CanWEA) takes issue with a recent report summary regarding various renewable energy policies in North America.


FWS Issues Landmark Eagle Take Permit: What Does It Mean For Wind Projects?

The U.S. Fish and Wildlife Service's (FWS) recent decision has far-ranging implications for operating wind farms, as well as for those under development.

Navigant_id1983
Renewable NRG_id1934