The clean energy industry is off to a hot start this year with a lucrative set of tax credits to create those green jobs that President Obama likes to talk up.

We’re talking $2.3 billion dollars in federal tax credits handed out by the Department of Energy (DoE) to create green manufacturing jobs in 43 states.

DoE says the credits will generate 17,000 clean energy jobs and provide a boost to 183 renewable energy projects. The 30% tax credit approved by the energy agency is expected to pull in another $7.7 billion in private investment to help companies make:

1. solar cells, panels and arrays
2. wind turbines and microturbines
3. fuel cells for homes and businesses
4. high-tech batteries
5. electric cars
6. energy efficiency upgrades
7. smart grid technology products, and
8. pollution control equipment that captures carbon dioxide.

Some of the tax credits approved by DoE:

• AAF-McQuay, Inc., won $2.7 million to produce more efficient industrial chillers and filtering equipment in Kentucky and Virginia,
• Abound Solar, Inc., won $12.6 million to expand production in Colorado of solar panels made with cadmium telluride semiconductor technology,
• Brevini Wind USA, Inc., won $12.5 million to build a factory in Indiana that will make the gear boxes for wind turbines,
• CaliSolar, Inc. won $53.6 million to build a California facility that will make silicone used in solar cells,
• DuPont won $50 million to produce film coatings used to make solar cells,
• General Electric received more than $92 million to make Energy Star heat pumps, refrigerators, dishwashers, gas turbines, a heat-pump powered clothes dryer and a more fuel efficient airline engine. GE’s also getting credits to relamp some of its manufacturing facilities with fluorescent lighting systems,
• SolarWorld Industries America, Inc., won $82 million to make solar components and materials in Oregon, and
• United Technologies Corp., won $110 million to produce a more efficient jet engine in Connecticut.

All of the Section 48c Manufacturing Tax Credits approved by DoE must be completed by 2014. Roughly 30% of the projects will be ready in 2010.

Tags: energy savings, renewable energy, solar, wind