Federal Bill Would Give Solar, Fuel Cells a Boost

[jpak]

http://www.renewableenergyaccess.com/rea/news/story?id=45766

Washington, DC. As more U.S. consumers turn to solar power during the current energy crisis, U.S. Rep. Dennis Cardoza (D-CA) introduced legislation that would affirm the right of consumers to install solar systems on their roofs, while making it cheaper for prospective buyers to go solar.

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"This is the most comprehensive solar legislation introduced in a decade," said Rhone Resch, SEIA President. "It will galvanize solar manufacturing in this country, create 45,000 new solar industry jobs, and provide more U.S. taxpayers with relief from high energy bills."

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Residential Solar Tax Credit: Extends a 30-percent tax credit, created in the Energy Policy Act of 2005, for the purchase of residential solar water heating, photovoltaic equipment, and fuel cell property. Allows the ITC to be taken against the alternative minimum tax. Changes the maximum credit to $4,000 for each kilowatt of capacity for solar equipment and $1,000 for each kilowatt of capacity for fuel cells. Expires after December 31, 2015.

Business Solar Tax Credit and Fuel Cell Tax Credit: Extends a 30-percent business credit, established in the Energy Policy Act of 2005, for the purchase of fuel cell power plants, solar energy property, and fiber-optic property used to illuminate the inside of a structure. Allows the ITC to be taken against the alternative minimum tax. Expires after December 31, 2015.

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[Old and In the Way]

1. Creating jobs and reducing our dependency on foreign oil which

are truely national security issues...great. Now, will the oil soaked Republican Syndicate allow this to happen?

[jpak]

2. After November, GOP energy policy is in for some "modification"

I sincerely hope the new Democratic Congress rescinds the multi-billion dollar tax breaks it gave to Big Oil and Big Coal and Big Gas and Big Nuclear...

...and the GOP Billionaire Boys Club...

...and give it back to middle income Americans who are struggling with their energy bills.

It's a win-win-win solution for Democrats, average Americans and the environment.

I want to see more of this in the future - much more.

:kick: