Says he would extend the production Tax Credit for five years to encourage the production of renewable energy like wind power, solar power and geothermal energy.

说他将延长生产税优惠(Production Tax Credit) 5年并鼓励诸如风能、太阳能和地热能等可再生能源的生产。

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States are turning to more market based incentives as opposed to rebates, such as the Solar Renewable Energy Credits (SRECs), a cap and trade like credit granted to firms or individuals who have installed solar capacity, which can be sold on spot markets.

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Currently, it offers a 30 percent tax credit for any business investing in solar energy and a renewable energy grant equal to that 30 percent to businesses purchasing solar power systems.

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One of the government incentives Mr. Reid supported for the renewable-energy industry was a 30% investment tax credit for companies in the solar-energy business.

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