Rather than a tax credit I have always believed the alternative energy industry should almost virtually reflect the taxing system of the oil industry. The little guy got into the oil industy by government economic push.
When drilling for an oil well the oil investor can write off about 85% of the cost to the prior tax year if drilling starts by Febraury 15th of the current year. The other 15% is written off by amortization.
From what I am reading the current alternative fuel industry is controlled by big utilities and big industry. Small investors rarely get an investment opportunity unless through a stock purchase.
Encapsulate the industry in tax incentives and not tax credits and the smaller investors will congregate at the alternative oil trough.
In a prior issue an article mentioned the wind industry is 1% of our energy consumption in the U.S.
A tax write-off post 2000 helped the economy.
The oil industry tax incentives generated cash for oil barons. Let's create the alternative oil barons of tomorrow with the exact same carrot.