$100 Billion Stimulus Energy Plan Boosts Solar Industry
With 2008 being a bust financially, many industries are putting their faith in the new economic stimulus plan, which will hopefully resuscitate the economy.
Now, things are looking bright for the solar and wind power industries, as news that the U.S. government is set to spend nearly $100 billion to push America’s energy industry and make solar power part of its energy stimulus. The stimulus package apparently contains tax incentives for solar installation as well as incentives for job creation in solar energy companies.
“We are excited to see the push to drive investment in solar energy at the top of American agenda,” Eddie Austin, Chairman and CEO of Sunrise Solar Corp, said. “Experts expect this to stimulate rapid growth in solar power as consumers and businesses see these grants and tax credits as a great opportunity to go green on a budget.”
Solar companies are scrambling to produce and build more technology in order to accommodate a demand that will most likely become massive.
Rep. Mike Thompson, of Montana, stated, “The solar energy tax provisions I authored will make it easier for businesses and homeowners to have solar panels installed. This has the twin benefits of creating green jobs while at the same time reducing our dependence on foreign oil.”