Monday, October 27, 2008
What CleanTech Industries Benefit From New Tax Incentives?
From IBD New Tax Incentives Highlight Big Winners In CleanTech
As part of the $700 billion economic rescue package, solar, wind, geothermal, fuel cells and other clean-energy firms received tax incentives that help them compete with traditional forms of energy
Incentives are key for clean energy, which usually costs more to produce than traditional sources of power such as natural gas, coal and nuclear plants.
The clear winners: solar and emerging fuel-cell technology for providing electricity for industrial and commercial buildings.
Even more important, power utilities can now access the tax credit under the new bill. That will help create demand for larger-scale projects that deep-pocketed utilities can roll out, analysts say.
Analysts also point out that wind is closer to becoming competitive with traditional power sources
I've compiled a list of:
Wind Energy Stocks