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Energy Industry News Releases

Extended Tax Credit Heats Up Solar Stocks, Brightens Prospects for U.S. as a Global Market Leader, Article Posted on BeaconEquity.com

(EMAILWIRE.COM, September 25, 2008 ) DALLAS, Texas - BeaconEquity.com announces the publication of ‘Extended Tax Credit Heats Up Solar Stocks, Brightens Prospects for U.S. as a Global Market Leader’

Investors can view all of the investment articles for free by visiting:
http://www.beaconequity.com/m - Click on News and Commentary

Extended Tax Credit Heats Up Solar Stocks, Brightens Prospects for U.S. as a Global Market Leader

"Following numerous attempts to extend the tax incentives this year, which are set to expire at the end of the year, the Senate finally got to work, passing the Investment Tax Credit. The U.S. Senate voted Tuesday to extend solar tax credits for the next eight years and also remove the $2,000 cap on residential projects. According to observers, this approval has made final passage by the House and the President almost certain…

"Most solar industry executives have expressed concern on the tax credit sunset, arguing that the industry is still too young and too fragile to be weaned off the investment tax credit just yet. Anticipating significant benefits of an eight-year extension of the ITC, a study by Navigant Consulting claims that 440,000 permanent jobs and $232 billion in investment would be supported by 2016. With the tax bill offering, First Solar Inc., Suntech Power Holdings Co. Ltd., SunPower Corp. and other companies are expected to inject $232 billion in new spending into the economy by 2016 because of the tax credits, according to a study commissioned by Resch's group. Sen. Maria Cantwell, a primary proponent of the renewable energy tax credits, said the legislation will help take that industry to new heights…

"Renewable energy investors have been anxiously waiting for Congress to extend a set of investment-tax credits that would offset 30% of the cost of a solar project. While some solar companies express their inability to build more U.S. power plants without the investment-tax credits, the Senate and the House of Representatives have been disagreeing mainly on how to pay for them…"

To read the entire article visit http://www.beaconequity.com/m – Click on News and Commentary

Join the fastest growing investor community at:
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BeaconEquity.com’s Market News is one of the fastest growing small cap blogs in the investment community. Beacon is the authority on research in the small cap sector, and our analysts strive each day to find the stocks that are poised to be the biggest movers before the rest of the market is aware of them.

We encourage investors to subscribe to our FREE newsletter filled with daily trading ideas by visiting: http://www.beaconequity.com/m

BeaconEquity.com is one of the industry’s largest small cap research providers. Beacon strives to provide a balanced view of many promising small cap companies that would otherwise fall under the radar of the typical Wall Street investor. We provide investors with an excellent first step in their research and due diligence by providing daily trading ideas, and consolidating the publicly available information available on them. For more information on Beacon Research, please visit: http://www.beaconequity.com/m


Source: BeaconEquity.com

Beacon Equity Research
Jeff Bishop, (469)-252-3505
press@beaconequity.com

###

This press release was issued through GroupWeb EmailWire.Com. For more information on unlimited press release distribution service, go to http://www.emailwire.com

Beacon Equity Research
Jeff Bishop
(469)-252-3505
press@beaconequity.com

Renewable Energy News




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