Long-Term Solar Tax Credits Introduced in Congress

As lawmakers in the nation’s Capitol scramble to confront record energy prices, legislation was introduced in Congress this week that could have a lasting impact on the renewable energy market in the U.S. – particularly for solar energy. The “Securing America’s Energy Independence Act,” calls for extending the solar tax credit for eight years and for changing the credit cap from $2000 per system to $2000 per kilowatt. The credit will apply to solar systems and cells.

“This is one of the few tax credits that consumers can utilize to reduce their energy bill. I think as we get mired deeper into the oil crisis and the electricity crisis this summer, there will be a lot of pressure on the Hill to pass legislation that is consumer focused,” said Resch. “This will really help those who are on the fence to decide to install solar on their homes.”

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