
grist: "The House approved legislation today that renews billions of dollars in tax breaks for wind, solar, biomass, and other renewable energy sources, and extends a proposed new tax credit for biofuels derived from sources other than corn...The bill includes a six-year extension of the investment tax credit for solar energy; a three-year extensions of the production tax credit for biomass, geothermal, hydropower, landfill gas, and solid waste; and a one-year extension of the production tax credit for wind energy. There are also incentives for the production of renewable fuels such as biodiesel and cellulosic biofuels, incentives for companies that produce energy-efficient products, and incentives to improve efficiency in commercial and residential buildings. Congress has been trying to get these tax credits for clean energy through for a year. The bill is likely to face tougher opposition in the Senate, and the president has already threatened to veto it."
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7:01:15 PM
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