Tax credits old hat: Green power gets cash up front

July 10, 2009

So-called “clean energy” projects no longer need to be operational and  produce income to get taxpayer subsidies.

The Departments of Energy and Treasury announced yesterday that $3 billion worth of stimulus funds will be paid directly to  clean energy developers in exchange for foregoing future tax credits, according to a report in Restructuring Today (July 10).

Now how did that Steve Miller Band song go? Oh yeah…

Go on take the money and run…

We’ll be able to track this boondoggle at http://www.treas.gov/recovery/1603.shtml.

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