The U.S. Senate Finance Committee approved an updated package of energy tax incentives, which contains a five- year extension of the tax credit for the production of electricity from wind, geothermal, biomass and other renewable energy resources, Renewable Energy Access reports.
It also extends the investment tax credit for business investments in solar, fuel cells and microturbine technology for an additional eight years. For homeowners, it extends tax credits for six years, through 2014, that help defray the cost of shifting to solar electric, solar water heating and fuel cell technologies. And it creates a new tax credit for residents using wind technology.
Finance Committee Chairman Max Baucus (D-Mont.) is expected to offer the tax package this week as an amendment to the energy bill currently on the Senate floor.
EBAY'S WATER CONSERVATION PROGRAM PAYS FOR ITSELF
eBay saves water and energy with a program that'll achieve ROI within 18 months. How much could you save? Go to calculator>>
CLEAN ENERGY DOESN'T GET ANY COOLER THAN THIS
Hybrid Cooling Solutions from Ice Energy. There's no cooler way to improve your bottom line. Discover the power of Ice. >>
FINALLY! NEXT-GENERATION CARBON MANAGEMENT SOFTWARE FOR BUSINESSES
Clear Standards environmental intelligence software helps businesses measure, analyze, and reduce their carbon footprint. No more spreadsheets! >>
The other day while out shopping for Energy Star rated household appliances with my wife, I got to wondering why we ... continue »
The EU cap-and-trade system has operated well and has had little or no negative impact on the overall EU economy, according to ...
click to view full size chart »
Political and business leaders are warning that Britain faces a sharp rise in its tax bill to fund the country's move to ...
Join the Discussion