Clean energy tax credits were created by current President Barack Obama and puts $2.3 billion into the economy in order to boost jobs in the green sector by promoting clean energy. As part of this goal in the White House, Obama seeks to improve the climate and he realizes that in order to achieve his goals, he must put fourth some effort in the green sector. The are also an effort in part to improve umemployment rates, since they are currently at an all time high! The tax credit could create up to ten thousand jobs!
Clean energy tax credits are dollar-for-dollar tax credits, which means that the credit comes out of your income before taxes are applied, rather than a deduction, which just takes off a percentage of the cost.
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