{"id":41,"date":"2008-10-03T13:43:23","date_gmt":"2008-10-03T20:43:23","guid":{"rendered":"http:\/\/blogs.kqed.org\/climatewatch\/2008\/10\/03\/renewable-energy-tax-credits-extended\/"},"modified":"2008-10-03T13:43:23","modified_gmt":"2008-10-03T20:43:23","slug":"renewable-energy-tax-credits-extended","status":"publish","type":"post","link":"https:\/\/ww2.kqed.org\/climatewatch\/2008\/10\/03\/renewable-energy-tax-credits-extended\/","title":{"rendered":"Renewable Energy Tax Credits Extended"},"content":{"rendered":"

In today’s historic passage of the $700 bailout package for the financial industry, Congess also managed to finally extend the alternative energy tax credits that have been held up for months in legislative wrangling.\u00a0 The Senate approved\u00a0incentives last week<\/a>, and\u00a0yesterday lawmakers included them as part of a $150.5 billion add-on package to the so-called “bail out bill” in efforts to\u00a0gain more House votes for the\u00a0financial rescue plan.\u00a0 The move will extend the existing tax incentives\u00a0for the wind and solar industries\u00a0for that were set to expire at the end of the year.<\/p>\n

An article from investment research firm Morningstar\u00a0<\/a>reports some of the details:<\/p>\n

“The bill extends production tax credits for wind energy projects for one year, and for geothermal, biomass, and other renewable sources for two years.\u00a0<\/p>\n

The solar energy industry won an eight-year extension of the investment tax credit for commercial and utility-scale solar projects, and an eight-year extension of tax credits for residential solar power installations.”<\/p><\/blockquote>\n

Passage of these incentives\u00a0is good news for alternative energy advocates who feared the expiration of these credits might harm fledgling wind and solar businesses and initiatives.<\/p>\n

Last month, David Gorn reported a story for Climate Watch<\/a>\u00a0about what’s going on with large-scale solar installations in California as the state pushes to meet a plan requiring that 1\/3 of\u00a0California’s energy come from renewable sources.\u00a0\u00a0<\/p>\n

\u00a0Stay tuned for Monday’s radio report on Quest <\/a>exploring California’s Proposition 7,<\/a> which would require more wind and solar energy use in the state.<\/p>\n","protected":false},"excerpt":{"rendered":"

In today’s historic passage of the $700 bailout package for the financial industry, Congress also managed to finally extend the alternative energy tax credits that have been held up for months in legislative wrangling.<\/p>\n","protected":false},"author":11413,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[5],"tags":[134,293,468,530,678],"coauthors":[],"series":[],"affiliates":[],"programs":[],"collections":[],"interests":[],"class_list":["post-41","post","type-post","status-publish","format-standard","hentry","category-power","tag-congress","tag-incentives","tag-renewable-energy","tag-solar","tag-wind"],"acf":{"template_type":"standard","featured_image_type":"standard","is_audio_post":false},"yoast_head":"\nRenewable Energy Tax Credits Extended | Climate Watch<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, 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