Green Generation Feels the Squeeze

 

 

Will state budget shortfalls threaten tax credits and subsidies?

The use of tax credits, subsidies and renewable portfolio standards has made states governments great patrons of new environment-friendly energy technology development. Many credit the tripling of wind installations to 7,000 MW from their level in 2000 as a sign of the success of state renewable programs. Yet, state budgets are now under pressure because of the decline in tax collections and other fees associated with a dismal economy. Thus, uncertainty about continued state support could slow down growth in the next year.

Although there are federal programs, it is state actions that are getting the job done. Many experts say that states have been far more successful and have spent far more than the federal government.

Fortnightly reviews the current progress of the newest energy technologies, such as fuel cells, solar, and microturbines, to assess which technologies are ready for prime time and which are not.