News Break: House Passes Bailout Bill that Includes Extension of Renewable Energy Tax Credits

Thomas Schueneman

Just minutes ago the House passed the Senate’s version of the $700 billion economic bailout plan. As we reported yesterday, attached to the bill was an extension of renewable energy tax credits set to expire at the end of this year, breathing new life into green collar jobs, renewable energy investment, and tax breaks for consumers installing solar energy systems.

It is unfortunate that it had to ride on the coattails of a plan to bailout the economic mess on Wall St. to the tune of nearly one trillion dollars. The tax credits should have been dealt with months ago. But it is done. Maybe with the next Congress and a new president, greater momentum can build as the nation and world works to create a new energy economy.

Tags: renewable+energy+tax+credits, bailout+plan, production+tax+credit


Energy & Economics