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.
Stay Up-to-Date On Environmental Management, Energy & Sustainability News with EL's Free Daily Newsletter
Energy Manager News
- Citibank: How Investments in Clean Energy Can Save Trillions
- Johnson Controls Expands at Chicago’s Merchandise Mart
- Florida, Missouri Take Steps in Favor of PACE Financing
- DoE: Big Detroit LED Project is About Two-Thirds Done
- IEMS Revenue to Reach $35.6B by 2024
- Geothermal School Project in West Aurora, IL
- Tinker AFB Exceeds Power Reduction Goals
- New Biomass Bed Material Increases Efficiency, Cuts Costs