Senate Moves Towards Clean Energy Future by Extending Efficiency and Renewable Energy Measures

Bill extends tax breaks to wind, solar and other renewable energy projects set to expire at the end of 2008
WASHINGTON (April 10, 2008) – Today’s Senate vote (88-8) paves the way for roughly $6 billion worth of renewable energy and efficiency tax credits for the renewable energy industry. The Cantwell-Ensign Clean Energy Tax Stimulus Act (S 2821) passed as an attachment to a housing bill tax designed to provide relief for homebuilders and tax breaks on purchasing foreclosed properties.
“Extending these tax incentives is essential to moving our country in the direction of a clean energy economy that will help reduce energy bills and reduce global warming pollution,” said Jim Presswood, energy advocate with the Natural Resources Defense Council (NRDC). “With the help of this bill, we’re giving companies and individuals across the country a huge boost to invest in their clean energy future.”