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Extend 1603 Program: Payments for Specified Energy Property in Lieu of Tax Credits

Created by J.B. on October 26, 2011

A five-year extension of the TGP to coincide with the term of the investment tax credit would support an additional 114,000 jobs in the solar energy industry in 2015, a 32% increase over baseline, and would result in 7,450 megawatts of cumulative additional capacity installed through 2016. A predictable five year policy framework will generate an environment that fosters industry growth larger than the potential year-to-year extensions and would create sustained momentum for the industry.
Another benefit is that this helps to fund leases for the elderly and non-profit organizations.
Below is a link to a study for the Solar Energy Industry Association
http://www.novoco.com/energy/resource_files/reports/seia_economic-impact...

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