April 5, 2013
Michal Conger
Commentary Staff Writer
(The Washington Examiner) - More than $1.2 billion in cash payments has been awarded to renewable energy projects by the Department of Energy and the Treasury Department since the beginning of the year, with the majority of them going to solar electricity.
While other agencies grapple with furloughs and service cuts, the DOE continues to hand out 30 percent of the cost basis for renewable projects under its 1603 program, part of the 2009 American Recovery and Reinvestment Act. Between January 1 and February 14,$1,254,769,726 was awarded to 435 renewable energy projects, 381 of which were to solar, according to the Heritage Foundation.
The 1603 program had awarded more than $9.2 billion to 748 wind projects and $2.7 billion to more than 44,000 solar projects through July 2012, according to a separate Heritage report.
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