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Senate Adopts Solar ITC in Renewable Energy Amendment to Housing Stimulus Bill
By an overwhelming vote of 88-8, the Senate adopted the Cantwell-Ensign amendment (S.Amdt.4419) that extends the commercial solar ITC by 6 years, residential solar ITC by 1 year, lifts the cap on residential PV, remedies AMT and removes the exemption for utilities.
Originally posted at www.seia.org
4/10/2008
Senate Adopts Solar ITC in Renewable Energy Amendment to Housing Stimulus Bill
By an overwhelming vote of 88-8, the Senate adopted the Cantwell-Ensign amendment (S.Amdt.4419) that extends the commercial solar ITC by 6 years, residential solar ITC by 1 year, lifts the cap on residential PV, remedies AMT and removes the exemption for utilities.
The entire solar industry is grateful to Senators Cantwell and Ensign for their leadership and support for renewable energy. This sends a strong signal to the White House that with the right government policies, the solar industry can create thousands of green-collar jobs, spur billions in economic growth and help lift up the U.S. economy. This is must-past, bipartisan legislation that will benefit our economy, improve our energy independence and protect our environment.
We look forward to seeing Congress complete work on this issue and sending it to the President for his approval.