Eco-friendly technology may substantially impact Americans over the next few years and could help the United States reduce its unemployment rate.
For example, BusinessGreen reports that the recent decision to extend the Production Tax Credit for wind farmers may influence the national economy in several ways. Since the United States was able to avoid the "fiscal cliff," green technology employers could receive additional incentives if they invest in renewable diesel and biodiesel. Additionally, financial benefits are available to algal and cellulosic biofuel producers.
Meanwhile, tax credits will also remain available for numerous renewable energy companies. Biomass facilities, municipal solid waste firms and wind farms are just a few of the green technology businesses that could significantly benefit from tax incentives that will be offered until the end of 2013.
Many companies are still recovering from the economic recession that hit the nation in the late 2000s, and these businesses could look to green technology to reduce their expenses. With various financial incentives available, new firms could pursue eco-friendly solutions and existing companies could increase their workforces to keep up with a rising demand for green products and services.
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