Tax deal extends grants for green power plants

The San Francisco Chronicle reports:

President Obama's tax-break package, signed into law on Friday, contains a boost for renewable-power companies that the industry desperately sought all year.

The law extends through 2011 a program that gives builders of renewable-power plants a grant worth 30 percent of each plant's total cost, in lieu of taking a tax credit of equal value. Developers of wind farms, solar plants and geothermal facilities considered the public grants essential for persuading private financiers to back their projects.

Projects so bad they need to loot the taxpayers to get off the ground!