Merrimack, N.H., Urges Congress to Extend Solar Tax Credit
Posted on: Thursday, 18 May 2006, 15:06 CDT
By Karen Spiller, The Telegraph, Nashua, N.H.
May 18--MERRIMACK -- GT Equipment Technologies Inc., and its division, GT Solar Technologies, have sent letters to Congress urging them to extend the solar tax credit for homeowners and businesses, the local company announced Wednesday.
With energy prices soaring, the letter was sent to U.S. Senators Judd Gregg and John Sununu as well as U.S. Representatives Charles Bass and Jeb Bradley.
GT's letter expresses a concern that technology breakthroughs on renewable energies being made by U.S. companies are being delivered to other areas of the world where there are booming marketplaces for renewable energy, but aren't being used to any significant degree here at home in the U.S.
It says in part, "We strongly believe that the United States must move aggressively to position itself to use a mix of renewable energies, but especially solar, to steadily reduce our significant dependence on foreign oil and gas.
As you know, solar energy is the most available and the most reliable renewable energy source."
The letters were signed by GT's CEO, Kedar Gupta, and its President/COO, Thomas Zarrella.
The Energy Policy Act of 2005 provided a 30 percent tax credit for solar systems purchased for residential and business applications. The credits expire after two years without an extension.
Such a short period of time does not allow for solar industry growth in the United States.
A proposal currently before Senate and the U.S. House would extend the solar energy and fuel cell investment tax credits for homeowners and businesses through 2015.
GT Equipment Technologies, Inc. is a privately-held company and, together with its division, GT Solar Technologies, is an industry leader in the design and manufacture of semi-custom and specialty equipment for the solar and materials processing industries, particularly for solar and semi-conductor applications.
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Copyright (c) 2006, The Telegraph, Nashua, N.H.
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Source: The Telegraph
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