On the recordFebruary 11, 2009
a strong solar power industry creates good jobs and widespread economic growth. It increases our energy independence and reduces the threat of global warming. Unfortunately, the economic downturn has caused many energy investors to put their projects on hold. They are unable to take advantage of the investment tax credit that we fought so hard to pass and extend last year. To get these projects moving again, the American Recovery and Reinvestment Act allows solar energy developers to take grants in lieu of tax credits. But for the grant program to be an incentive for the largest renewable energy programs, it has to be expanded. Simply put, renewable projects will not get off the starting line until there is a usable incentive waiting for them at the finish line. As the conferees work to finalize this bill, I urge them to expand these grants. This will safeguard the solar industry's ability to fully contribute to our economic recovery. I commend the excellent work done on the energy provisions in this bill and greatly appreciate the conferees' willingness to work to make them as effective as possible.
Source
govinfo.gov




