Obama Wants To Double The Amount of Renewable Energy in 2010
On January 14, 2010
By Scott Wolfe Jr
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President Obama unveiled an aggressive clean energy program that should be music to the ears of those in the green building / solar energy industries.
Armed with the goal of doubling the amount of renewable energy in the U.S. in 2010, Obama stated that the government will provide $2.3 billion in tax credits for the clean energy manufacturing sector. The cash will come from the American Reinvestment and Recovery Act, and will provide a 30% tax credit for qualifying projects.
There is promise that this program will have fast effect, as 1/3 of the projects are expected to be completed this year.
Now, for those green builders out there, it’s important to note that this program is from clean energy manufacturers. Thus, it won’t reach many installers or property owners (who already have these incentives).
However, more manufacturing likely equals more installations.
About the Author: Scott Wolfe Jr
Scott Wolfe, Jr. obtained his J.D. degree from Loyola University of New Orleans, and his B.A. from Southern Methodist University in Dallas, TX. In 2006, 2007, 2008 and 2009, Scott was recognized as a Leader in Law by CityBusiness Magazine. The son and grandson of general contractors, Scott is a construction litigator in the Pacific Northwest, and the founding member of the bi-coastal law firm, Wolfe Law Group. Scott is also the founder and CEO of Express Lien, Inc., a legal document preparation service for contractors. In 2008, City Business Magazine recognized Scott as one of its Innovators of the Year for the Express Lien concept. As an entrepreneur himself, Scott has a strong background in business and commercial transactions and laws. He focuses his practice on the legal issues facing the construction industry, and has represented clients in multi-million dollar construction disputes in litigation and alternative dispute resolution proceedings. Scott is a LEED AP.
