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Renewable Energy Tax Credit Passes House

Posted on May 21, 2008

The U.S. House today has passed a measure seen as important because it extends renewable energy production and investment tax credits has cleared its latest hurdle. H.R. 6049, the Renewable Energy and Job Creation Act of 2008, got through the U.S. House by a 263-160 margin.This story posted on RenewableEnergyWorld.com says if it clears Congress, it will mean billions of dollars for alternative energies:H.R. 6049, is a US $54 billion tax extenders package that contains an extension of the federal production tax credit for wind power (PTC) through December 31, 2009 and contains a new small-wind...

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biomass , fuel cell , geothermal , renewable , renewable energy , solar , wind