The election season here in the United States is bringing us lots of alternative energy news. Gov. Ted Kulongoski of Oregon is running for re-election and said last week he thinks his state should lead the way to a hydrogen economy. Speaking at the Northwest Hydrogen Conference in Portland, Kulongoski said there should be increased tax credits for companies investing in green energy and that the state should become a center for fuel-cell production. Kulongoski's proposal increases the "maximum tax credit for an energy project from $3.5 million over five years to $10 million over five years. It would also allow companies to claim a tax credit for 50 percent of the project cost, up from 35 percent under current law", according to the Oregonian newspaper.
This would cost the state $6.5 million between 2009 and 2011, but would generate business investments and reduce reliance on oil.

[Source: Oregon Live via EV World]

Share This Photo X