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Wednesday, March 03, 2010 4:36:21 AM
(OTCBB: GELV) Expanding Into "The Greenest State"
NEW YORK, NY -- (Marketwire) -- 03/03/10 --
Green Energy Live, Inc. (OTCBB: GELV) announced recently that they have acquired one of Vermont's leading electrical contractors and solar power installers, Peck Electric.
Through 2016, the Federal Government is issuing a $12,000 tax credit to solar panel installations on a residence that produce at least 5 kilowatts of power, enough to power an average sized home. This should produce a boom in Vermont's solar contracting business which already has programs enacted by the Clean Energy Development Fund. Vermont Energy Investment Corp, a non-profit organization that helps reduce overall costs of energy consumption, states that applications for solar installations have increased 50% year over year for the past 3 years.
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