The Department of Energy Treasury Grant Program for renewables has been extended until the end of 2011. This is good news for large commercial solar. What does it mean for the economy? Independent studies estimate that since the program was initiated in July 2009, the Grant Program has created some 20,000 jobs. If the program is extended, it will help create 65,000 more jobs in the solar industry.
Part of the American Reinvestment and Recovery Act of 2009, The Treasury Grant Program allows those who qualify for an investment tax credit to receive a cash grant instead. If not extended, the loss of the Program would have placed ten billion dollars of renewable energy investment at risk.
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