Clean energy manufacturing gets help from DOE
Building upon President Obama's plans to counter climate change via public policy, the U.S. Department of Energy (DOE) announced $150 million in tax credits for businesses to invest in U.S. clean energy manufacturing this morning. They'll be dispersed through the Advanced Energy Manufacturing Tax Credit (48C) program.
Cost-effective, efficient manufacturing plays a critical role in continuing U.S. leadership in clean energy innovation, and the tax credits announced today will help reduce carbon pollution from our vehicles and buildings; create new jobs and supply more clean energy projects in the United States and abroad with equipment made in America.
Dispersed among 12 businesses, the $150 million will help them purchase domestic manufacturing equipment to support energy efficient buildings, fuel efficient vehicles, and renewable energy -- and is expected to help create thousands of American jobs. For example: LM Window Power Blades (a wind company) will be able to hire 170 people using the $700,000 tax credit it receives, reports Emily Atkin for Think Progress.
That's good stuff. It's important that infrastructure projects support domestic manufacturers, because they're in short supply these days. Remember when Hurricane Sandy hit? In the aftermath, thousands went without power for days due to the lack of domestically made generators.
We hope to see more investment across all infrastructure areas to ensure a physically safe America and put Americans back to work.
Image via U.S. Department of Energy Flickr, following government work guidelines.
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