The tax credits enacted during the Bush administration to promote development of alternative energy sources are still available. More importantly, the start date for renewable energy projects eligible for the tax grant program (TGP) enacted during the Obama administration has been extended to December 31, 2011.

Both the investment tax credit and the production tax credit, which have been used heavily in recent years by the energy industry, continue to be available for eligible entities. Thus, we can expect continued investment in an already robust sector. In fact, according to the Solar Energy Industries Association (SEIA), the TGP spurred over 1,100 solar projects and $18 billion dollars of investment in 2010.