Bill Introduced to Extend Federal Renewable Energy Tax Credits
Washington, DC [RenewableEnergyAccess.com] Tax credits to promote renewable energy got a reassuring boost from lawmakers this week in Congress as a Senate bill was introduced to extend new federal tax credits authorized in the Energy Policy Act of 2005 through 2010.
March 17, 2006
by Jesse Broehl
S. 2401, the Alternative Energy Extender Act, was introduced by Senators Charles E. Grassley (R-Iowa) and Max Baucus (D-Mont.), the chair and ranking member, respectively, of the Senate Finance Committee.
Among the federal tax credits it extends are the 30 percent tax credit for solar energy systems and the production tax credit (PTC) for wind power. Both are hailed by industry as critical to their continued success, but each is currently a short-lived policy, both coming to a close by 2008 unless Congress acts to reinstate them.
The renewable energy industries, especially the equipment- and capital-intensive wind power... [continue via Web link]