Fiscal Cliff Might Affect Green Industry

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MEDFORD, Ore. – The effect of going over the fiscal cliff has companies in Southern Oregon worried about what it will mean for the green industry.

When it comes to the fiscal cliff, the cuts have to come from somewhere some expect it to be in tax credits, but green energy leaders in Southern Oregon say their entire industry depends largely on those at-risk credits.

Forget the cliff analogy, how about pulling the plug? That’s what Rogue Valley alternative energy companies say will happen, if the deficit talks turn to cutting tax credits, like the kind customers rely on when they buy Brammo electric motorcycles.

Brammo CEO Craig Bramscher says losing those credits will mean putting the brakes on their growth. Experts say losing those credits could also mean a cloudy future for solar, wind, and the entire alternative energy industry.

RHT Energy Solutions helps companies move to green energy like solar power and most of its own building is run by the sun. They say losing the credits will drive customers away. They say they hope the Obama Administration, which has pushed green energy, doesn’t abandon it.

Some Oregon state tax credits still remain available for alternative energy. Local companies want to work with legislators to extend those, as well as those federal incentives.