Wednesday, April 09, 2008

U.S. Senate Introduces Bipartisan Renewable Energy Tax Credit Legislation

CWW Friends and Supporters,

Now is the time to contact U.S. Senators to oppose the inclusion of industrial wind subsidies in this bill. STOP THE WIND Investment Tax Credit from being part of any legislation.


United States Senators Maria Cantwell (D-WA) and John Ensign (R-NV) have introduced the Clean Energy Stimulus Act of 2008. The bill, which has bipartisan support extends the commercial Investment Tax Credit (ITC) for solar and fuel cell projects for eight years and removes the utility exemption.

The bill authored by Ensign and Cantwell will also extend the placed-in-service deadline through 2009 for the Production Tax Credit for geothermal, wind, biomass and hydropower facilities.

(Click to read entire report)

CleanEnergyTaxStimulusActSummary.pdf

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