Government Cleantech Stimulus Instructions Unclear to Half of Applicants
About 48 percent of corporate respondents to a survey on government cleantech stimulus funding report that government communications and instructions were inadequate, according to the Deloitte/Cleantech Group survey.
About 59 percent of the 70 respondents said they do not intend to apply for stimulus funding in the foreseeable future.
Still, 70 percent of survey respondents said they believe the stimulus will be successful in fostering technology and innovation, while a majority of participants also believe it will help stimulate economic growth (55 percent) and create jobs (51 percent).
Among clean tech executives who said their company applied for stimulus funding, most (67 percent) applied for a grant, 21 percent applied for tax credits/incentives and 13 percent applied for loan guarantees.
Yet, about 73 percent of respondents said they were “somewhat to very concerned” that the government was influencing the competitive landscape of the marketplace.
More and more companies are looking to federal, state and local incentive programs to help push forward their renewable energy investments.
At the state level, Pennsylvania has awarded $5.7 million in grants which should help recipients save about a cumulative $500,000 a year on energy costs.
Energy Manager News
- Driving Energy Efficiency by Improving the Owner/Tenant Relationship
- Case Study: Fast Payback in New York City
- $8M Project to Upgrade Chillicothe (OH) Correctional Institute
- Three Trends Align to Save Buildings Millions in Energy Costs
- Law Bars Energy Providers from Charging Early Termination Fees in the Event of Death
- Corporations Spend Big on Ballot Initiatives, Crushing Ratepayer Opposition
- Texas Retailer Offers Instant Rebate for Rooftop Solar, Offers High Credits for Excess Solar
- Local, State and the Federal Government Excel at Energy Efficiency