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2000 SESSION

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HB 1086 Solar Photovoltaic Manufacturing Incentive Grant Program.

Introduced by: George W. Grayson | all patrons    ...    notes | add to my profiles | history

SUMMARY AS PASSED:

Solar Photovoltaic Manufacturing Incentive Grant Program. Provides annual grants for six years for an entity that, after January 1, 2002, (i) commences the manufacture of solar photovoltaic panels in the Commonwealth or (ii) expands its current manufacturing capacity by a certain level, makes a capital investment of at least $25 million, and employs a certain number of employees. The amount of the grant ranges from 25 cents to 75 cents per watt, and is based on the number of watts of the rated capacity of panels sold annually, the year in which they are sold, and whether certain investment targets and employment levels are met. An entity may not receive in the same year both grants relating to the initial manufacture of solar photovoltaic panels and grants for the expansion of production of such panels.

SUMMARY AS PASSED HOUSE:

Solar Photovoltaic Manufacturing Incentive Grant Program. Provides annual grants for six years for an entity that, after January 1, 2002, (i) commences the manufacture of solar photovoltaic panels in the Commonwealth or (ii) expands its current manufacturing capacity by a certain level, makes a capital investment of at least $25 million, and employes a certain number of employees. The amount of the grant ranges from $0.25 to $0.75 per watt, and is based on the number of watts of the rated capacity of panels sold annually, the year in which they are sold, and whether certain investment targets and employment levels are met.

SUMMARY AS INTRODUCED:

Solar Photovoltaic Manufacturing Incentive Grant Program. Provides annual grants for six years for an entity that commences the manufacture of solar photovoltaic panels in the Commonwealth after January 1, 2000, or expands its current manufacturing capacity by 50 percent or more after January 1, 2000. The amount of the grant is based on the number of watts of the rated capacity of panels sold annually at the rate of $0.75 for the first two years, $0.50 for the second two years, and $0.25 for the final two years.