From the Solar Energy Industries Association via Neal Dikeman in the Cleantech Blog:
"In its waning hours, the 109th Congress today passed legislation that would extend the 30% solar energy investment tax credit (ITC) for homeowners and businesses for one additional year, through the end of 2008."
Neal has some good, bad and ugly comments on this legislation.
Congress actually extended a whole host of renewable energy incentives, including the not only the investment tax credit for solar, geothermal and fuel cell projects, but also the production tax credit (which typically provides a large benefit to wind projects). They also authorized an additional $400 million in Clean Renewable Energy Bonds. For more on these tax incentives, and a break down of each section of the legislation, check out http://renewableenergylaw.blogspot.com
Posted by: Geoff Hand | December 10, 2006 at 08:44 AM
What happened? Congress has done or not?
Posted by: Solar Energy Information | April 17, 2009 at 02:07 AM