Solar Push in Texas Fails
Texas’s efforts to create incentives for solar power production are dead, dashing the industry’s hopes that the huge, sunny state would see a surge in demand for panels.
Last-minute maneuvering this weekend at the end of the state legislative session prevented the passage of $500m of solar rebates. Efforts to change Texas’s renewable portfolio standard to create extra requirements for solar, biomass and geothermal power had failed earlier.
Solar had previously appeared to be on a roll, and so many bills flooded the state legislature this session that it was sometimes called the “solar session.”
SourceLabels: News, Solar Funding, Solar News, tax incentives
What's In Store For Alternative Energy With Obama's Cabinet?
Interesting read at Alt Energy Stocks:
As the Obama inauguration nears and his cabinet picks are made public, the impact of his presidency on the alternative energy sector is becoming more tangible. During the campaign, we heard plenty on Barack Obama's views on environmental regulation, climate change and alternative energy. But what about the people who will be advising him day-to-day on these matters, and who will be ambassadors both inside and out of the country for the administration's policies?
Read the rest
hereLabels: News, photovoltaic, Solar power, Solar Technology, tax incentives
Senate Backs Wind, Solar Tax Breaks
Big news for Solar Industry, not just for the Financial Sector Bailout:
THE SENATE overwhelmingly passed legislation last week that would renew and expand tax incentives for wind, solar, and other energy sources as part of a $120 billion, 10-year tax package. Renewable energy firms had long sought the extensions because the current tax breaks terminate at the end of the year.
http://pubs.acs.org/cen/news/86/i39/8639notw7.htmlBut the solar stocks opened today lower, some breaking new lows, and until the markets stop the current downtrend, keep away from Solar.
But watch it closely...
Labels: Solar Stocks, tax incentives
