Package to extend $17 billion to $18 billion in tax credits to increase investment in the renewable energy industry is approved by Senate.
The energy legislation now extends for eight years, through 2016. The investment tax credits for the solar power industry and for homeowners who install solar and wind equipment are now extended.
This ensures the hobbyist will continue to have their own home projects of renewable energy.
A solar panel and wind mill generator, in combination give a great alternative for the grid power. Also you will be able to earn than spend when you export power on the grid.
The bill passage benefits solar power companies and also the companies make the solar and wind power equipment. The competitive environment will reduce your capital cost if you embark on your own solar and wind electricity generation equipment for home projects.
The oil industry would pay higher taxes to cover the costs of the tax breaks.
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