Recovery Act jump starts American clean energy

This has led to the California Energy Commission (CEC) approving 2,800 megawatts (MW) of solar projects in California for the month. During the same time, only one 760 MW fossil plant was approved by the CEC. Amongst the many solar projects awaiting approval, about a third have already been given the green light.

Tessera Solar’s 709 MW Imperial Valley Solar project in Imperial County and NextEra Energy’s 250 MW Beacon Solar Energy project are two of the projects approved by the CEC and the first large-scale solar thermal power projects to be permitted in the nation in two decades, according to the Center for American Progress Action Fund’s Climate Progress site.

A total of 11 gigawatts of clean energy projects are applying for the Recovery Act funds, but the projects have to be underway by the end of this year in order to qualify for the stimulus funding offered. All solar installations are liable for a 30 percent tax deduction as the current congress believes it is cheaper to switch to clean energy in the long run. For businesses that made no profit in the recession, the 30 percent tax credit can instead be taken in the form of a credit. But that expires December 31.