A quick update on a story we’ve been following: The bailout bill has passed both the House and the Senate, was signed into law by President Bush, and includes provisions to extend the tax credits for renewable energy. It’s difficult to overstate the importance of the tax credits for the renewable energy industry.
The New York Times quoted Rhone Resch, president of the Solar Energy Industries Association, on the bill. According to Resch, “There’s … Read the rest
Last night, the Senate included the tax credits for renewable energies to the bailout bill, which is expected to be voted on by the Senate tonight and should pass easily. The key is the House vote later on the week. It’s a bold move to include the renewable energy tax credits to a bill that is already standing on shaky legs but this most likely allows the tax credit extension to sneak on through … Read the rest
The Senate just passed an energy bill that would renew the investment tax credits for renewable energy. Those credits are set to expire at he end of the year, and they are vital to encouraging investment in renewable energy technologies. Now, GoSanAngelo.com reports that the House is debating a second version of the bill, different from the Senate’s in that it increases taxes to pay for the credits. The legislation is being rewritten … Read the rest