Senate Finance Committee Promotes New Financing Plan For Producers of Renewable Energy
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Proposal Would Protect Taxpayers, Create/Preserve Jobs
Joe Bingaman, Chairman of The Senate Finance Committee, issued a press release yesterday urging Congress to include a creative new incentive program for renewable energy in President Obama's
economic recovery package. The plan would stimulate renewable energy
production by offering an alternative to tax equity financing, while
ensuring protection for the American taxpayer.
Linx PV Expert, Joe Berwind, was quoted in the release as follows:
Joe Berwind, founder of Alternative
Energy Investing, one of the nation's leading independent analysts of
alternative energy stocks, said, "I have been gravely concerned
with the sharp and precipitous fall-off in tax-equity funding, the
lifeblood supporting the growth of the renewable energy industry. Sen.
Bingaman proposes to get renewable energy projects rolling again by
stimulating the method which these projects are financed. This plan
also protects the U.S. taxpayer and strikes us as effective in promptly
reigniting growth in renewable energy funding in both its design and
structure."
Read the release
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