Sunday, March 22, 2009

"Local renewable energy businesses are optimistic"

"Depending on who you talk to, there's something like 19 provisions in total that could benefit solar energy," Chleboski said.

One provision would lift a cap on federal tax credits for solar-powered hot water heaters, Artner said. Heat-Flo of Hopedale manufactures these devices, and Jay Santello, a Franklin contractor who installs solar equipment, said he uses a sun-powered hot water heater at his own home year-round.

"My hot water is fantastic and my gas bills have gone down substantially," Santello said.

The stimulus plan also would make it possible to convert certain commercial tax credits for solar grants. These credits might have been attractive to companies in the past, but they became less so as companies saw tax bills drop anyway because of diminishing profits, Chleboski said.

Read the full article on renewable energy in the Milford Daily News here

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