President’s 2013 Budget Revives 1603 Solar Tax Credit, Eliminates $4B in Fossil Fuel Subsidies

February 14, 2012  |   Posted by :   |   Blog,Renewable Energy   |   Comments Off»

February 14, GreenTechMedia.com

On Monday, president Obama sent his official budget request to Congress. It  includes specific  language on a “Clean Energy Standard” that seeks to generate 80 percent of U.S. electrical power from solar, wind, and nuclear and natural gas by 2035. The request also includes increased funding for all aforementioned energy sources. Of note, the budget provides for an extension of the Section 1603 Treasury Program and an increase in funding the DOE’s Office of Energy Efficiency and Renewable Energy.

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