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April 14, 2008

News from the Hill: Senate passes clean energy tax credits bill Now it’s time to thank ‘n’ spank before the House starts work on it ...

 f you’ve been wondering what happened to
the bill introduced last week by U.S. Sens. Cantwell and Ensign that
would, among other measures, extend solar investment tax credits for
residential and commercial use, here’s some up-to-the-minute news.

By a vote of 88-8, the Cantwell-Ensign language was successfully
added as an amendment to the Senate’s comprehensive housing bill (HR
3221). This bill passed the Senate on Thursday with an estimated $6.6
billion in tax credits allocated to renewables, and including a lifting
of the $2000 cap on residential solar installation credits. (read more)