Renewables Tax Extensions up for Vote, Senate considers amendment

The U.S. Senate is expected to vote Tuesday on a proposal that would extend renewable energy tax incentives and restore the cash grant program that saved the industry during the depths of the recession.

The proposals are included in an amendment offered by Senator Debbie Stabenow (D-Mich.), who introduced Senate Amendment 1812, which would extend the production tax credit (PTC) for one year, until the end of 2013, as well as extend the 1603 investment tax credit, the 48(C) manufacturing tax credit, in addition to including biodiesel and other provisions.

Amendment 1812 includes several provisions, including credits for biofuels and advanced manufacturing tax breaks. But the parts of most interest to renewables are a one-year extension of the PTC for wind energy and a restoration of the “cash grants in lieu of the credit” which expired at the end of last year.

Comments (0)

This post does not have any comments. Be the first to leave a comment below.


Post A Comment

You must be logged in before you can post a comment. Login now.

Featured Product

U.S. BATTERY RENEWABLE ENERGY SERIES DEEP CYCLE BATTERIES

U.S. BATTERY RENEWABLE ENERGY SERIES DEEP CYCLE BATTERIES

Our RE Series batteries are designed to provide the highest peak capacity, longest cycle life, and greatest reliability for use in industrial or residential renewable energy applications. Renewable Energy Series batteries utilize the company's exclusive XC2™ formulation and Diamond Plate Technology® to create the industry's most efficient battery plates, delivering greater watt-hours per liter and watt-hours per kilogram than any other flooded lead-acid battery in the market. Our Deep Cycle batteries are engineered to work with solar panels as well as other renewable energy applications.