Senate Democrats Introduce Renewable Energy Tax Credit Legislation
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"Washington, D.C., United States [RenewableEnergyWorld.com]
United States Senators Maria Cantwell (D-WA) and John Ensign (D-NV) have introduced the Clean Energy Stimulus Act of 2008. The bill extends the commercial Investment Tax Credit (ITC) for eight years and removes the utility exemption.
The bill also extends the residential solar credit for one year and removes the $2,000 cap. The bill currently has 23 co-sponsors. The vehicle for the package has not yet been announced; however, those behind the bill are confident they can get the 61 co-sponsors that the bill will need to pass the Senate.
"From New Hampshire to Michigan to Oregon, this bill provides a much-needed shot in the arm for our ailing national economy. This legislation will create thousands of jobs, unleash billions in investment and prevent a major disruption in this fast-growing sector — all at a time when we need it the most,” said Rhone Resch, President of the Solar Energy Industries Association (SEIA).
The bill also extends the residential solar credit for one year and removes the $2,000 cap. The bill currently has 23 co-sponsors. The vehicle for the package has not yet been announced; however, those behind the bill are confident they can get the 61 co-sponsors that the bill will need to pass the Senate."
From Bill Brown in Taos at www.nmglobalwarming.org via TouchArt and OneEarthBlog.
United States Senators Maria Cantwell (D-WA) and John Ensign (D-NV) have introduced the Clean Energy Stimulus Act of 2008. The bill extends the commercial Investment Tax Credit (ITC) for eight years and removes the utility exemption.
The bill also extends the residential solar credit for one year and removes the $2,000 cap. The bill currently has 23 co-sponsors. The vehicle for the package has not yet been announced; however, those behind the bill are confident they can get the 61 co-sponsors that the bill will need to pass the Senate.
"From New Hampshire to Michigan to Oregon, this bill provides a much-needed shot in the arm for our ailing national economy. This legislation will create thousands of jobs, unleash billions in investment and prevent a major disruption in this fast-growing sector — all at a time when we need it the most,” said Rhone Resch, President of the Solar Energy Industries Association (SEIA).
The bill also extends the residential solar credit for one year and removes the $2,000 cap. The bill currently has 23 co-sponsors. The vehicle for the package has not yet been announced; however, those behind the bill are confident they can get the 61 co-sponsors that the bill will need to pass the Senate."
From Bill Brown in Taos at www.nmglobalwarming.org via TouchArt and OneEarthBlog.
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