The Obama administration on Aug. 14 announced a new program to award $2.3 billion in tax credits to manufacturers of advanced energy equipment. Authorized under the American Recovery and Reinvestment Act, the program will allow manufacturers to reduce their taxes by 30% of the amount they invest in establishing, expanding or retooling manufacturing facilities for equipment for solar, wind and other renewable energy sources. The credit also will be available to manufacturers of equipment to capture and sequester carbon. The administration says the program will help encourage innovation in design of clean energy technologies and create green jobs. Denise Bode,
The market is generally healthy and steadily growing, and margins are up for large specialty contractors. Further, advances in design tools and owner demand for collaboration are giving subcontractors a seat at the table early on in projects.