Spire Solar offers input for Department of Energy tax credit and loan applications

BEDFORD, USA: Spire Corp., a global solar company providing capital equipment to manufacture photovoltaic (PV) modules and turnkey manufacturing lines is offering technical and financial modeling support to companies applying for the Advanced Energy Manufacturing Tax Credit (MTC) 48C and Manufacturing Line Loan applications.

The American Reinvestment and Recovery Act of 2009 (ARRA) has authorized the Department of Treasury to award $2.3 billion in tax credits for qualified investments in advanced energy projects to support new, expanded, or re-equipped domestic manufacturing facilities.

The time-critical preliminary application is due to the Department of Energy (DOE) September 16, 2009 and the final application is due October 16, 2009; all applicants will be notified of their respective tax credit award by January 15, 2010.

Spire Solar has distinguished itself as a US supplier of turnkey PV module and cell lines, including domestically manufactured equipment. A key advantage of Spire Solar’s photovoltaic equipment, made locally in the US, is it adds to evaluation points for indirect job creation.

Having participated in numerous Department of Energy programs over the company’s 40 year history, much of Spire Solar’s DOE activities have addressed the development of advanced PV equipment and technology. Such experience has allowed Spire Solar to continuously provide the leading edge manufacturing technology to its extensive customer base.

In support of the ARRA applications, Spire Solar can provide specific factory designs, factory management assistance, analysis of job creation from factory installations, plant and facility design, factory siting guidance, and manufacturing cost analysis for business plan input.

Spire Solar’s input is valuable for those newly pioneering this sector in America, those aiming to enhance their present manufacturing lines, and for foreign companies wishing to contribute to the rapidly expanding US PV market.

“Spire Solar offers a great advantage to applicants of the MTC,” said Roger G. Little, Chairman and CEO of Spire Corporation. “We have compiled dynamic factors needed to support applicants wanting to successfully achieve approval for the $2.3 billion tax credits.”

Little continued, “Not only is Spire’s turnkey equipment American-made, but earlier this year, we launched a Succeed in America campaign and have been focusing a substantial amount of our efforts on creating US jobs.”