Solar Financier's Outlook is Bright; Tax Credits' Future is Cloudy
RENEWABLE ENERGY WORLD 2008 -- Adding solar power to your building is getting easier, thanks to a financing model borrowed from utility-scale renewable energy projects. Power purchase agreements are now an option for getting your own clean energy source, without laying out the capital. But even big projects don't happen without the right incentives in place. Some important federal subsidies are due to expire if Congress doesn't act soon to extend them. Will that happen in an election year? Does this dark cloud cast gloom on renewable energy's future? Denis Du Bois asks Mark McLanahan of MMA Renewable Ventures about his expectations for the production tax credit, the investment tax credit, and the global economy.
February 27, 2008