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The Feds New Energy Bill Looks Out For Solar Power

September 29, 2008

Here at Feng Shui Tints, we love the sun! (Even if we do believe in protecting ourselves from it.) Hence, we encourage all homeowners to not just apply a wonderful window film to your house, but also to consider making your entire home energy-efficient and eco-friendly. Here is important news that the U.S. government is doing to promote energy independence.

Sept. 23 (Bloomberg) — The Senate passed a $17 billion energy tax measure that gives an unprecedented boost to the solar-power industry and extends tax credits for wind as well as for refineries that process heavy oil.

The energy measure, passed by a 93-2 vote margin, is part of a tax bill pegged at more than $100 billion. The energy portion of the bill failed eight times in the Senate and has faced opposition in the House because portions of the legislation haven’t been paid for with offsetting revenue.

“It is the most significant legislation ever introduced in Congress for solar,” said Rhone Resch, president of the Solar Energy Industries Association. “It will provide a stable market for businesses to grow over the next 10 years.”

First Solar Inc., Suntech Power Holdings Co. Ltd., SunPower Corp. and other companies would create 441,000 permanent jobs and inject $232 billion in new spending into the economy by 2016 because of the tax credits, according to a study commissioned by Resch’s group.

Read the rest of Bloomberg’s article here.

Posted by Feng Shui Tints under Solar Info |

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