$20 billion clean energy bill clears hurdle

WASHINGTON – The U.S. House Ways and Means Committee on Thursday approved $20 billion in tax credits and related financial incentives for renewable energy and energy efficiency


The economic stimulus package would extend by three years, to the end of 2012, the date that wind facilities would have to be in place to be eligible for the federal renewable energy production tax credit.
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Other qualifying facilities that generate electricity from renewable energy sources, such as biomass, geothermal, small irrigation, hydropower, landfill gas and ocean currents, would also have an extra three years through the end of 2013 to be in service to get the same production tax credit.

Reuters