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Green Energy Sector Gets Boost From Senate – TheStreet.com

Green Energy Sector Gets Boost From Senate
TheStreet.com 24 Sept 08 by Ucilia Wang

The U.S. Senate on Tuesday approved about $18 billion of renewable-energy tax credits after repeated failed attempts to do so this year.

The 93-2 vote cleared a major hurdle for extending a set of tax credits for businesses and residents investing in renewable energy, from building and operating power plants to installing small wind turbines on residential properties………………………………..Consumers who want to install solar panels on their properties would benefit from the bill, which extends investment-tax credits for eight years and eliminates today’s $2,000 cap on the credits. It would also allow homeowners installing small-wind equipment and geothermal heat pumps to take advantage of the credits, but the amounts would be capped at $4,000 for wind and $2,000 for the heat pumps.

Green Energy Sector Gets Boost From Senate – TheStreet.com

Tags: renewable

September 25, 2008 - Posted by Christina Macpherson | ENERGY