Federal Tax Refund Applications Available for Clean Energy Manufacturers

HARRISBURG, Pa., Aug. 26 /PRNewswire-USNewswire/

 

Investments in manufacturing facilities that support clean energy generation and conservation may qualify for a direct payment instead of waiting for a tax credit refund from the federal government thanks to the American Recovery and Reinvestment Act. Department of Environmental Protection Secretary John Hanger today encouraged Pennsylvania businesses to take advantage of the Advanced Energy Manufacturing Tax Credit program that will provide immediate cash payment in lieu of future tax credits.

The U.S. Department of Energy and the Department of Treasury announced the plan to award $2.3 billion in Recovery Act funding in the form of direct payments to qualifying manufacturers that produce equipment for eligible clean energy products such as wind, solar, geothermal, fuel cell, and energy conservation technologies.

"As more companies and individuals seek to become more energy efficient, there is a greater demand for energy-related products," said Hanger. "For example, before new solar arrays and wind turbines can be installed, they must first be manufactured. This direct payment tax credit is a way to place money in the hands of manufacturers whose products help others produce and conserve energy, and be more efficient with the energy they do consume."

Preliminary applications are due directly to the Department of Energy by Sept. 16. The Internal Revenue Service will certify or reject applications and notify certified projects with the approved amount of the tax credit by Jan. 15, 2010. Credits will be allocated until the funding is exhausted.

"In recent years, Pennsylvania has attracted a number of world- class energy product manufacturers," said Hanger. "This direct payment tax credit not only stimulates the economy, but will also support the continued growth of clean energy industry and keep Pennsylvania moving forward in its quest for energy independence."

For more information, visit www.energy.gov/recovery. To learn more about how the federal Recovery Act is benefiting Pennsylvania, visit www.recovery.pa.gov.

CONTACT: John Repetz

(717) 787-1323

SOURCE Pennsylvania Department of Environmental Protection



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Return to Environmental Update
Return to Homepage


Book

Roubidoux

Boy

True tales of the Huckleberry Finn type adventures of a boy who journeys from delinquency in California to Southern culture in the Missouri Ozarks. Although told through the eyes of a twelve year old who never grows old, much of the real life adventure is emotionally timeless with appeal to all ages. Brutally honest at times but never off colored. A sample from Roubidoux may be read here. The book may be ordered here.
















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