Written by Ucilia Wang
It's official: The renewable energy tax credits are here to stay.
President Bush signed the mammoth bill containing about $18 billion in energy tax credits, part of a large tax package and financial market bailout plan Friday afternoon.
The signing came less than two hours after the House of Representatives passed the bill.The House approved the energy tax credits after rejecting them only a week ago. The tax credits will go to businesses and residents who invest in renewable energy, from building and operating solar and wind power plants to installing small-wind turbines on residential properties. The vote ended more than a year of bickering between the House and the Senate over extending the credits. Without an extension, the tax credits would have expired at the end of the year. "By passing this bill, Congress has finally given the solar energy industry 'policy certainty' that will attract investment, expand manufacturing and lower the cost of solar energy to consumers," said Roger Efird, SEIA
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