3 Comments

Summary:

It’s starting to look like extending the clean energy tax credits could actually happen this time. Reuters reports that the Senate has approved a package to extend the investment tax credit for solar for eight years, and tax credits for wind and other renewables, such as […]

It’s starting to look like extending the clean energy tax credits could actually happen this time. Reuters reports that the Senate has approved a package to extend the investment tax credit for solar for eight years, and tax credits for wind and other renewables, such as wave power, for one and two years, respectively. The package could reportedly deliver $18 billion in tax credits for clean power as well as energy-efficiency incentives.

The plans still needs to be approved by the House, but this is exciting nonetheless. Congress is set to adjourn for the year, so it’s getting down to the wire. For more details on other clean power incentives in the plan, see our What You Need to Know About the Senate Energy Bill. And more on this later on.

Update: Check out our new post on the energy package which is headed back to the House for a vote, maybe.

  1. southstep의 생각…

    Senate Approves Energy Tax Credit Extensions « Earth2Tech…

    Share
  2. [...] Senate Approves Energy Tax Credit Extensions: The U.S. Senate has approved an 11th hour reauthorization of tax credits which have fueled a boom in renewable energy development. The credits were set to expire at the end of the year, causing the cancellation or postponement of major wind and solar power developments. While the Senate bill differs in some way from a similar measure before the House, negotiators now expect to complete a compromise version of the $18 billion dollar package before Congress adjourns for the year. (Earth2Tech) [...]

    Share
  3. [...] Senate Approves Energy Tax Credit Extensions: The U.S. Senate has approved an 11th hour reauthorization of tax credits which have fueled a boom in renewable energy development. The credits were set to expire at the end of the year, causing the cancellation or postponement of major wind and solar power developments. While the Senate bill differs in some way from a similar measure before the House, negotiators now expect to complete a compromise version of the $18 billion dollar package before Congress adjourns for the year. (Earth2Tech) [...]

    Share

Comments have been disabled for this post