facebook
twitter
rss
account
search
search
 

U.S. giving tax breaks for clean energy

Feb. 8, 2013 at 8:43 AM   |   Comments

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.

© 2013 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Most Popular
1
Russian currency crashes Russian currency crashes
2
Navy tests MQ-8C unmanned helos Navy tests MQ-8C unmanned helos
3
New submarine set for commissioning New submarine set for commissioning
4
SM-6 long-range interceptors on target in U.S. Navy test SM-6 long-range interceptors on target in U.S. Navy test
5
Europe must drop the euro, Germany abandon mercantilism Europe must drop the euro, Germany abandon mercantilism
Trending News
Around the Web
x
Feedback