Solar Panel Stock Rise due to Increase in Clean Energy Production; Rutgers University installs Solar Panels; WalMart Installs in Stores
Posted on | July 26, 2010 | No Comments
Clean energy tax credits are likely to increase if President Obama gets his way and motivates Congress to expand the tax credits. He stated that a 5 billion dollar increase in clean energy manufacturing tax could generate approximately 40,000 jobs in the clean energy development and technology sectors. At a time when unemployment rates are high across the nation and when interest is peeking for alternative forms of energy, President Obama is doing what he can to inspire energy production reform.
Individual state solar power rebates, tax credits, and incentives surely would help. The American Recovery and Reinvestment Act of 2009 signed into law by President Obama extended the production of tax credits and investment tax credits. Businesses and individuals who buy solar energy systems and other eligible clean energy technologies can qualify for tax credits. This must be what Rutgers University had in mind when it positioned itself with over 7,000 panels to convert sunlight into electricity. It is big news and being billed as the biggest solar experiment at a U.S. college. The solar panels are being produced by China’s second largest solar panel maker, Yingli Green Energy Holding Co. The increased production with the Chinese manufacturers has made solar production more affordable for U.S. retailers such as Wal-Mart stores. Solar stock is on the rise in the United States.
Author: Stephen Johnson