Renewable Energy Tax Credits Extended For 8 years

November 2008
Solar Today;Nov/Dec2008, Vol. 22 Issue 7, p16
Academic Journal
This article reports that the U.S. House and Senate in October 2008 passed legislation to promote the use of solar energy all across the U.S. H.R. 1424 removes the $2,000 cap for residential solar electric installations and extends the 30 percent solar investment tax credit for eight years. It discusses that the solar provisions will help position the U.S. as a global leader in the booming solar marketplace. A study conducted by the Solar Energy Industries Association said that it will generate about 440,000 green-collar jobs.


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