U.S. giving tax breaks for clean energy

Feb. 8, 2013 at 8:43 AM
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WASHINGTON, Feb. 8 (UPI) -- The U.S. government announced plans to offer $150 million in tax credits to encourage manufacturing in the clean energy sector.

The U.S. Energy and Treasury departments announced the availability of the Advanced Energy Manufacturing Tax Credits. Tax credits were offered in U.S. economic stimulus measures enacted to pull the country out of recession. The $150 million is what's left over from the original $2.3 billion in tax credits.

U.S. Energy Secretary Steven Chu said the manufacturing tax credit since 2009 has helped the U.S. economy become a global competitor in clean energy.

"These new investments will continue that momentum, supporting the president's commitment to American-made energy, increasing energy security and creating jobs," he said in a statement.

Chu announced last week he was leaving office. U.S. President Barack Obama has yet to nominate his replacement.

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