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$700 Billion Bail Out Provides for Alternative Energy Tax Credits: Is That Good or Bad?

Posted on October 03, 2008

The $700 billion bail out bill the House of Representatives just passed and President Bush signed includes tax credits for solar, wind and biodiesel. Yahoo! News reports: The legislation would extend for one year the production tax credit for wind energy, with an eight-year extension for investment tax credits for solar energy projects. Buyers of plug-in electric cars would receive tax credits ranging from $2,500 to $7,500.The bill also provides incentives for the use of biodiesel. However it promotes a loophole where companies mix foreign biofuels with U.S. biodiesel to receive ...

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