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Solar energy credit to expire


Wednesday, September 17, 2008 The U.S. House of Representatives has passed the solar tax credit bill, but the Senate remains the stumbling block in the arena.

Solar Energy Industries Association president Rhone Resch released the following statement after the U.S. House of Representatives passed the Comprehensive American Energy Security and Consumer Protection Act by a vote of 236 to 189:

''I am pleased that the House has again supported solar tax credits and passed H.R. 6899. I strongly urge the Senate to follow the lead of their House colleagues and pass this tax credit before leaving for the campaign trail,'' he said.

''Time is running out and the Senate needs to act now to ensure that the solar tax credits are extended,'' he said.

A study issued by Navigant Consulting showed that the tax credits passed by the House will create more than 1.2 million employment opportunities, including 440,000 permanent jobs, and $232 billion in investment would be supported by the solar energy sector though 2016 if Congress extends the solar tax credit.

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