News Break: House Passes Bailout Bill that Includes Extension of Renewable Energy Tax Credits

Just minutes ago the House passed the Senate’s version of the $700 billion economic bailout plan. As we reported yesterday, attached to the bill was an extension of renewable energy tax credits set to expire at the end of this year, breathing new life into green collar jobs, renewable energy investment, and tax breaks for consumers installing solar energy systems.

It is unfortunate that it had to ride on the coattails of a plan to bailout the economic mess on Wall St. to the tune of nearly one trillion dollars. The tax credits should have been dealt with months ago. But it is done. Maybe with the next Congress and a new president, greater momentum can build as the nation and world works to create a new energy economy.

Thomas Schueneman
Thomas Schuenemanhttps://tdsenvironmentalmedia.com
Tom is the founder and managing editor of GlobalWarmingisReal.com and the PlanetWatch Group. His work appears in Triple Pundit, Slate, Cleantechnia, Planetsave, Earth911, and several other sustainability-focused publications. Tom is a member of the Society of Environmental Journalists.

Get in Touch

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Related Articles

Get in Touch

2,600FansLike
121FollowersFollow
1,832FollowersFollow

Latest Posts