Sen. Mark Udall, D-Colo., has unveiled the Solar Uniting Neighborhoods (SUN) Act of 2010, which is designed to modernize the tax code for solar energy to enable homeowners who invest in community solar projects to take the same 30% tax credit available to individuals who install systems on their residences.
According to Udall's office, the SUN Act of 2010 will increase the market for solar energy products and services, helping boost Colorado as a world leader in the clean energy economy. Like other solar tax credits, it would expire in 2016 unless renewed.
‘The community-based clean energy model has the potential to be the vehicle that spurs widespread adoption of clean energy and puts us well on our way to a long-term, sustainable, clean energy nation,’ says Paul Spencer of the Clean Energy Collective.
SOURCE: Office Of Sen. Mark Udall