Abound Solar picks up $12.6 million tax credit

On Jan. 18, Abound Solar Inc. of Loveland, Colo., announced that it would be getting $12.6 million in the form of a tax credit from the U.S. Energy Department, via the American Recovery and Reinvestment Act of 2009 (also known as the economic stimulus program, or ARRA).

The credit was reportedly awarded through a competitive selection process that examines how many “green” jobs a firm creates, the cost effectiveness of its operations, the speed at which it implements manufacturing processes, and the overall benefit in terms of greenhouse gas reduction, according to a Jan. 19 Cooler Planet report.

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