Monday, June 14, 2010

N.C. House passes renewable-energy bill

Posted By on Mon, Jun 14, 2010 at 12:34 PM

*fist pump*

A bill to create a 25 percent tax credit for the construction of facilities used to manufacture renewable energy has cleared the N.C. House. It now heads to the state Senate’s finance committee.

The credit, to be taken against state income or business franchise taxes, applies to the construction of a variety of renewable-energy projects, including biomass, hydro-generation, solar, wind and geothermal heat pumps.

Read the rest of this Charlotte Business Journal article, and find out how Duke Energy may be affected, here.

A discussion on what renewable energy is, and how it can impact our economy, at Stanford University, recorded in April 2009, that's worth watching:

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