Solar Energy Industry Association Introduces Alternative Plans to Extend Tax Incentives
Greentechmedia reports the Solar Energy Industry Association has created a plan to save the U.S. market and tax incentives from expiring at the end of this year. The association has proposed the following contingency plans:
- Request another vote to extend the 30% commercial investment tax credit by 8 years, the residential investment tax credit by 6 years, and raise the cap on residential credits from $2,000 to $4,000.
- To introduce the Renewable Energy and Energy Conservation Act of 2008 to the House of Representatives for same provisions previously listed.
- Association is looking to get another extension included in the federal budget.
- Association is looking for a multi-year extension of the Economic Stimulus package to include a one year extension of tax incentives and lift the $2,000 cap on residential credits all together.
If everything else fails:
- The association is looking to get another bill introduced to extend current incentives for another 1-2 years.
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