Hiawatha Bray, November 1, 2010. As a program of direct federal subsidies for solar power projects winds down, the city of Boston is picking up some of the slack locally with a new ordinance that cuts building permit fees for developers who include solar systems in their projects.
[...] “Every cent helps,’’ said Jon Abe, senior vice president of Nexamp Inc., a solar power contractor in North Andover.
Abe said that solar power subsidies included in the 2009 federal economic stimulus bill are running dry, and additional cash injections are unlikely. The $787 billion federal economic stimulus included $21 billion in subsidies for solar and wind power plants. “We expect that that money will no longer be available in the future,’’ Abe said.
But he added that his company expects to prosper anyway. A separate federal tax credit program for solar power projects will remain available through 2016, said Abe. Link to Article