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ACORE launches member exclusive AARA site |
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Tuesday, 28 April 2009 |
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The American
Council on Renewable Energy (ACORE) has
launched a new section of its website to
assist member renewable energy organizations to understand the provisions of
the American Recovery and Reinvestment Act (ARRA),
helping members to find funding for renewable energy projects.
The new ACORE
Implementation website is available to ACORE members only and covers
descriptions of the statues and links to resources on the Extension of the
Production Tax Credit (PTC), Election to Claim Investment Tax Credit (ITC), the
Temporary Grant in Lieu of the ITC, Qualifying Advanced Energy Project Credit,
Clean Renewable Energy Bonds (CREBs), among others.
“The ARRA has
major implications for companies that are financing or building renewable
energy products and services. Our industry has been called upon to help resolve
the current economic crisis through the ramping-up of home-grown, clean,
renewable energy production, and the creation of a new force of ‘green-collar
workers’ to implement these initiatives. A thorough understanding of the ARRA
legislation is essential for our industry to meet President Obama’s call for
doubling renewable energy production. ACORE’s website will help our members
meet their business objectives,” said ACORE President Michael Eckhart.
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