Local renewable energy businesses are optimistic the federal stimulus plan will deliver a much-needed, solar-powered jolt to so-called green projects and the region's economy.
Companies are still awaiting details on how new federal energy initiatives will work. But they say they are encouraged the stimulus plan includes loan guarantees that could help free up financing for solar projects, better tax incentives for homeowners and businesses to invest in solar equipment, and funding to help clean energy companies expand.
"It's probably the singular most significant growth we've seen in the program in quite some time," said Richard Chleboski, a vice president and co-founder at Marlborough-based manufacturer Evergreen Solar.
Yet renewable energy is not immune to some problems rocking the rest of the economy, especially the collapse of commercial lending.
Matt Arner, president of SolarFlair in Hopkinton, said he has a few projects planned with major commercial clients who are ready to go but unable to get financing.
By David Riley/Daily News staff