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Finavera Applauds Extension of Solar Tax Credits in the United States
Finavera Applauds Extension of Solar Tax Credits in the United States Finavera App...
About this update from Solar Alliance Energy Inc.
[{"type":"text","content":"\n\n\n\nFinavera Applauds Extension of Solar Tax Credits in the United States\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nFinavera Applauds Extension of Solar Tax Credits in the United States\nCanada NewsWire\nVANCOUVER and SAN DIEGO, Dec. 18, 2015\n\n\n\nVANCOUVER and SAN DIEGO, Dec. 18, 2015 /CNW/ - Finavera Solar Energy Inc. ('Finavera Solar Energy', 'Finavera' or the 'Company') (TSX-V: FVR) is pleased to report the United States Congress has passed legislation that ensures tax incentives for the solar industry will continue until 2022. Under the legislation, the 30 percent Investment Tax Credit (ITC) for solar will be extended for another three years. It will then ramp down to 26% in 2020 and 22% in 2021 and then remain at 10 percent permanently beyond 2022.\n\n\"The extension of the solar ITC provides long term certainty for the U.S. solar industry in general, and for our San Diego-based subsidiary Solar Alliance of America in particular,\" said Finavera Solar Energy CEO Jason Bak. \"Our customers in southern California have benefited from the ability to offset the purchase of a residential solar system with these tax incentives in the past and this extension will give new customers that same incentive. The Solar ITC extension passed today will have a positive impact on our bottom line and will drive an increase in revenues that will benefit shareholders. It also provides the ideal platform for us to aggressively move forward with our expansion plans for Solar Alliance,\" concluded Bak.\n\nThis was the final vote before the bill is signed by U.S. President Obama.\n\nJason BakChairman and CEO\n\nAbout Finavera Solar Energy Inc. (www.finavera.com) Finavera is focusing its renewable energy development efforts on residential and utility scale solar projects in America. Through its subsidiary, Solar Alliance of America, Finavera's mission is to create and operate a diversified portfolio of renewable energy projects while protecting and enhancing the physical and social environment. Finavera has developed over 360MW of wind projects and subsequently sold them to utili...