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Leading US Green Developer Lauds Introduction Of Clean Energy Stimulus Act
Washington DC (SPX) Apr 04, 2008 Fred Maas, President and CEO of Black Mountain Ranch and developer of Del Sur, an 1,800-acre green residential community in San Diego, Calif., has praised Senators Maria Cantwell (D-WA), John Ensign (R-NV) and Dianne Feinstein (D-CA) for introducing the Clean Energy Stimulus Act. The Act extends expiring tax credits for renewable energy and energy efficiency. Del Sur is a leading user of solar electric power and requires, as part of its comprehensive approach to green development, that 20 percent of the communitys 2,500 homes be equipped with solar photovoltaic systems to generate pollution-free electricity. The solar production tax credit has been critical to lowering the cost of solar power installations for our homeowners, said Maas. The improved solar credit in the Clean Energy Stimulus bill will expand the residential use of solar power in the United States. Thats good for the environment and good for reducing Americas dependence on foreign oil. The Clean Energy Stimulus Act extends the solar production tax credit for homeowners who install solar systems for an additional year, eliminates the current $2,000 cap on the credit and allows the credit to offset any Alternative Minimum Tax liability. The solar tax credit would be even more effective if homeowners and homebuyers could count on it for the future, added Maas. Extending the tax credit for several years, rather than for one year, would stimulate more widespread residential use of solar power, and lead to greater environmental and economic benefits. Del Surs solar provider, SunPower Corp., estimates that Del Sur homeowners using solar electric power will: - Save 35,000 barrels of oil per year; and - Eliminate 410 tons of greenhouse gas emissions annually - about the same as planting nearly 40,000 trees or not driving 21 million miles. Community Email This Article Comment On This Article Related Links Del Sur All About Solar Energy at SolarDaily.com
MMA Renewable Ventures Finances SunPower Solar Systems At 14 Macy's Stores
San Francisco CA (SPX) Apr 04, 2008MMA Renewable Ventures has announced that it has signed Power Purchase Agreements (PPAs) for 14 new solar electric systems at Macy's stores in California. MMA Renewable Ventures arranged equity investment for the first four systems through its Solar Fund III, a financing commitment with a subsidiary of Wells Fargo, under which Wells Fargo intends to fund 10-15 megawatts of solar energy projects nationwide. |
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