tax credits

Extending Renewable Energy Tax Credits: It's hard to believe that Congress still seems to be stuck on the extension of renewable energy tax credits set to expire at the end of this year. Even though there is broad support in Congress to continue renewable energy incentives, there is not a consensus on whether revenue offsets are needed, and if so, where they should come from. The strategy of coupling a repeal of oil industry tax benefits to pay for renewable energy credits is losing steam. The most popular credits expiring are the wind production tax credit and the credits for solar energy.

It's important that we all work to encourage the development of clean technology towards producing renewable fuels, and diversifying our energy supply chain. When we deploy cleaner, renewable technologies we become more independent when it comes to energy production and less reliant on unstable regions of the world for our energy needs. There great evidence concerning the effectiveness of government programs and incentives concerning the development of renewable energy in the united States. » read more