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FatalWishes
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U.S. House Passes Renewable Energy Tax Credit Extension Bill
| Quote From Source: | On Wednesday, the U.S. House of Representatives passed The Renewable Energy and Job Creation Act of 2008 (H.R. 6049), a bill that could extend production and investment tax credits for renewable energy, by a vote of 263-160.
H.R. 6049 is a US $54 billion tax extenders package that contains an extension of the federal production tax credit for wind power (PTC) through December 31, 2009 and contains a new small-wind investment tax credit (ITC). The bill also extends the 30% investment tax credit for solar energy property and qualified fuel cell property, and the 10% investment tax credit for microturbines through the end of 2014. Biomass, geothermal, landfill gas and other technologies receive a three-year extension under the legislation.
"By using the tax code to promote energy diversification we can lower energy prices for Americans across the country and help community businesses make the transition to cleaner production," said Rep. Philip English, (R-PA). "The energy tax incentives included in this measure have garnered strong, bipartisan support and will continue to create opportunities to make our economy competitive, create more jobs and at the same time, benefit American consumers."
| | Click source url to view entire story. |
Source Renewable energy.com
Source URL:
http://www.renewableenergyworld.com/rea/news/story?id=52546
This should be a boost to this sector.
I'd wait on the solars for a bit. That whole group is selling off right now.
FSLR
JASO
LDK
SOLF
SOL
CSIQ
CSUN
TSL
STP
SPWR
are all down big this morning.
They should take the warning labels off of everything and let stupidity sort itself out.
Please check out our new website at www.globalwarmingisnotreal.com |
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MountainManMike
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i wish i had money to start up my own company at this point. there is tons of energy to be tapped into right now. we r only scratching the surface with what companies r doing right now. |
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posted on 5/27/2008 at 08:58
