An economic stimulus plan passed the Senate on Thursday without extending an important tax credit for the solar and wind industries.
Renewable energy companies and advocates were bitterly disappointed late last year with the passage of the Energy Act, which did not extend an investment tax credit. It would have been funded by repealing an existing tax break to oil companies.
Right now, renewable energy projects receive a federal tax credit once they are completed, but that provision runs out at the end of 2008.
On Thursday, the Senate again left out the tax credit extension, which solar and wind … Read more