The Solar Energy Industries Association (SEIA) says the U.S. House of Representatives will take up H.R.5351, The Renewable Energy and Energy Conservation Tax Act of 2008, this week.
H.R.5351 includes an extension of the solar 30% investment tax credit (eight years for commercial and six years for residential), increases the residential solar cap to $4,000, and extends other renewable-energy provisions – including the wind production credit, new clean renewable energy bonds, energy-efficiency tax credits, renewable fuels credits, and a plug-in hybrid vehicle credit.
‘This will be the third time the House tries to complete legislation to extend renewable energy tax credits,’ the SEIA says. ‘What differs this time around is that House leadership has expressed openness to Senate-proposed pay-fors that differ from the current House version that repeals oil and gas industry subsidies.’
The SEIA notes that House and Senate leaders appear to have stepped up their public-relations efforts promoting passage of the bill.
