Wednesday, January 30, 2008

Effect of Ending Green Energy Credits

Here's a short opinion piece from Green Energy News. The article quotes a joint statement of the National Hydropower Association, Geothermal Energy Association, Solar Energy Industries Association, and American Wind Energy Association, reporting that 6000 Megawatts of renewable energy came on line in 2007, and that the industry created many many good jobs for Americans. However, the statement then points out that the number of new project starts is declining now because federal credits for renewable energy expire at the end of the year. The article urges action by the federal government now to renew those credits.

I'm led to wonder to what extent individual states will try and pick up some of the slack. For example, here's a report the other day from the Associated Press that Massachusetts will be implementing a program to support residential solar panel use. The article points out the Massachusetts will be basing its plan on those in New Jersey and California.

No comments: