When Congress returns for their final session before the 2008 elections, they will have one last chance to extend expiring clean energy tax credits that have helped to produce thousands of jobs and enabled homeowners and businesses to undertake ambitious energy efficiency and clean energy projects that will save money, improve home values and reduce pollution.
- Energy efficiency tax credits are available to those who buy efficient appliances and homes and make energy efficiency upgrades to their homes.
- The solar investment tax credit gives individuals and companies a tax credit based on their purchases of solar panels or solar water heaters.
- The renewable energy production tax credit gives generators of wind, geothermal, or biomass energy a tax credit for the clean, renewable energy they produce.
Without a prompt extension, thousands of jobs will be lost, billions of dollars not invested, and an opportunity missed to create green jobs, generate clean energy from renewable resources, enhance energy security, and reduce global warming.
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