Saturday, January 9, 2010

What Companies Will Benefit From $2.3 Billion In New Clean Energy Manufacturing Tax Credits?

The White House has released a list of the companies that will benefit from $2.3 billion in new clean energy manufacturing tax credits under the America Recovery and Reinvestment Act.

The full list may be viewed or downloaded as an Excel spreadsheet by clicking here. It includes the:
  • Names of the companies that will receive tax credits
  • Amount of the tax credit or credits requested by each company
  • Location of each company's headquarters by city and state
  • Location of the manufacturing facility that will receive investment by city and state
  • A description of each company's proposed investment or investments in clean energy manufacturing

According to a fact sheet issued by the White House:
  • In order to foster investment and job creation in clean energy manufacturing, the American Recovery and Reinvestment Act included a tax credit for investments in manufacturing facilities for clean energy technologies. The Section 48C program will provide a 30 percent tax credit for investments in 183 manufacturing facilities for clean energy products across 43 states.
  • Recovery Act investments of up to $2.3 billion for advanced energy manufacturing facilities will generate more than 17,000 jobs. This investment will be matched by as much as $5.4 billion in private sector funding likely supporting up to 41,000 additional jobs