Thursday, October 28, 2010

Solar Power Projects Face Potential Hurdles - NYTimes.com

"Solar developers depend on two federal programs to make their projects financially viable. The most crucial is a loan guarantee program, expiring next September, that allows them to borrow money on favorable terms to finance up to 80 percent of construction costs.

The other is the option to take a 30 percent tax credit in the form of a cash payment once a project is built."

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