Eve-EarthCharterFoundatio
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 Posted: Wed Oct 08, 2008 4:02 am Post subject: U.S. SOLAR GETS 8 YEARS PUSH |
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While details of the approved U.S. $700 billion bailout aren>t known
what has been confirmed are tax credits for the solar, wind and
biodiesel industries.
The framework of the financial rescue provides for an eight-year
extension for investment tax credits for those installing solar energy
equipment.
Motorists purchasing plug-in electric vehicles will get tax credits
ranging from $2,500 to $7,500, as well as a $1 per gallon production
tax credit for biodiesel through 2009.
While the plug-in tax break and discounted biofuel will barely dent
motorists bills, the fledging solar power industry gets an eight-year
start up push that is likely to reduce the costs of solar panels for
householders.
While the Solar Energy Industries Association praised the bailout>s
consideration for renewable energy environmentalists condemned the
rescue measures for giving tax credits for refineries that process oil
from tar sands and shale.
The State of the Planet
“CARBON CONFUSION”
http://www.youtube.com/watch?v=ZjfxtUMY0x4
For latest daily news on climate change and planet opinion
http://www.dailyplanetmedia.com
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http://www.earthcharterfoundation.com |
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