Two More Stimulus-Backed Solar Companies Announce Layoffs

By: - Climate DepotNovember 19, 2012 9:12 AM

Both companies benefited from the Energy Department’s stimulus-funded Advanced Energy Manufacturing (48C) Tax Credit. The 48C credit is worth up to 30% of the cost of manufacturing qualifying green energy projects. SolarWorld received a credit worth $82 million, while SunTech’s was worth $2.1 million