Apr 21 2008
U.S. Senate has approved the extension of Renewable Energy Credits
The long wait is over. Companies that would start their projects to use renewable energy through the end of 2009 will receive a tax credit of 2 cents per kilowatt hour generated. The cost is estimated to $6 billion over the next decade. “Extensions would also be given to other tax credits for making energy-efficient appliances, building energy-efficient facilities and residential purchases of renewable energy systems. Through the credits, homeowners and businesses could avoid paying 30 percent of the cost of installing solar of fuel cell systems.” Reports ClimateBiz.com
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