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Federal Tax Refund Applications Available For Clean Energy Manufacturers
Investments in manufacturing facilities that support clean energy generation and conservation may qualify for a tax credit from the federal government thanks to the American Recovery and Reinvestment Act.

Department of Environmental Protection Secretary John Hanger today encouraged Pennsylvania businesses to take advantage of the Advanced Energy Manufacturing Tax Credit program.

The U.S. Department of Energy and the Department of Treasury announced the plan to award $2.3 billion in Recovery Act funding in the form of tax credits to qualifying manufacturers that produce equipment for eligible clean energy products such as wind, solar, geothermal, fuel cell, and energy conservation technologies.

"As more companies and individuals seek to become more energy efficient, there is a greater demand for energy-related products," said Secretary Hanger. "For example, before new solar arrays and wind turbines can be installed, they must first be manufactured. This tax credit is for manufacturers whose products help others produce and conserve energy, and be more efficient with the energy they do consume."

Preliminary applications are due directly to the Department of Energy by September 16.

The Internal Revenue Service will certify or reject applications and notify certified projects with the approved amount of the tax credit by January 15, 2010. Credits will be allocated until the funding is exhausted.

"In recent years, Pennsylvania has attracted a number of world-class energy product manufacturers," said Secretary Hanger. "This tax credit not only stimulates the economy, but will also support the continued growth of clean energy industry and keep Pennsylvania moving forward in its quest for energy independence."

8/31/2009

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