9 April 2009

Incentives for Renewable Energies

We receive sun power clips by mail.Sunpower Stock Prices is getting worst.Capital in solar panel modules lowered from $33 dollars to $28dollars because of severe decline in average selling price.whew! How can we secure ourselves for better sun power by next quarter?It is hard to predict the economy.isn't it?
But for sun power business clips .President was already signed renewable energy law that " Power Plants in the Philippines using renewable source of energy will be exempt from income tax for the first 7 years of operation.After those seven years of operation the company will pay a reduced tax rate of 10%.By 2010,the country wants to cover 60% of its energy demand with its own renewable resources."this is a good news for investor and solar company.

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