US Senate Pass $17 B Energy Tax Breaks

[BestTimesNow]

Still needs to pass the House & Signed into law.

"Senate broke a months-long logjam and passed a $17 billion energy-tax package that will make it easier for businesses and residents to take advantage of the sun's power."

"It would also provide a one- to two-year extension of certain tax credits for wind, refined coal and other forms of renewable-energy investments."

"A provision that allows taxpayers to claim up to a $7,500 credit for purchasing a plug-in electric car."

Solar industry clears hurdle with tax credit

[include]

About time solar saw some of the action oil has had over the years.

[Kaabi]

The government should be giving huge tax breaks to renewable energy companies of all sorts. That is where our energy will come from in the future, not oil, so we need to start focusing on that now.

[August]

Rooftop Solar Power Now the Best Investment Under the Sun - MarketWatch

"Finally, the federal government has implemented a set of policies that will spur the long term growth of the solar industry," said Barry Cinnamon, CEO of Akeena Solar. "Our customers can now achieve a payback on their solar investment in five years instead of ten, with a 20 percent return on investment (ROI). In today's uncertain economy, rooftop solar power may be the very best investment a homeowner can make."