Suppliers in the renewable-energy industry have tried just about everything to pass a law to renew an important investment tax credit that is set to expire at the end of this year.
On Thursday, Sens. Mary Cantwell (D-Wash.) and Senator John Ensign (R-Nev.) introduced a bill that would extend that credit and provide incentives for energy-efficiency measures.
The Clean Energy Tax Stimulus Act of 2008 ( click here for PDF) extends the investment tax credit for eight more years for businesses.
Consumers would have the existing 30 percent federal tax credit on renewable energy projects, such as solar panels, extended another … Read more