This helps in two ways: 1) helping bring the costs of energy saving technologies closer to current production costs and 2) helps increase the electric power supply which reduces the need for new power generating capacity. Another benefit is that once the technology costs have been paid (hopefully within 5 to 8 years), then the consumer gets the payoff of significant savings due to lower power consumption.
Wednesday, July 7, 2010
Local Solar Energy Companies Trying to Survive
Some local solar energy companies are trying to navigate the complexities of the alternative energy climate via the TVA's Generation Partners program. Tax incentives have been the life blood of alternative energy. I'm not an economist and wish I knew more on the subject, but it seems that tax incentives essentially work like a savings plan.
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