Still no word on solar tax credit extension
If you want to see the Solar tax credits passed in the US, call your Representative! The Senate just passed a version extending the credits for 8 years, that are set to expire this year. The bill has stalled in the House, and Bush is threatening a veto.
Though both houses of Congress have passed versions of a bill to extend solar tax credits for eight years, no compromise has been reached on how to fund the extension — which could be its downfall.
An eight-year extension would be a huge win for the solar industry, which has said that an eight-year extension would allow the industry to innovate, scale and ultimately become cost-competitive with energy sources from fossil fuels. The current investment tax credit expires Dec. 31 and the solar industry views this go-around as the last chance to get the credits renewed this year.
On Sept. 23, the Senate passed a comprehensive tax package that contained an extension of the solar tax credits that appeared to leap previous funding hurdles.
And the House’ version, passed 257-166 today, broke the tax package into four separate measures and the White House issued a veto threat for any version that relied on tightening of certain tax loopholes or increaseing taxes to oil and gas companies.