Solar Tax Credits Run off the Rails

Published on April 20, 2008 by Dave Llorens.
Categories: Solar Trends.

From Solar Nation:

Clunk! Roller Coaster off the Rails

More Info

The House puts its foot down

Roller coasters have, by design, a multitude of ups and downs, but it’s comforting even to thrill-seekers to know they rarely become completely derailed. The roller coaster that represents the latest iteration of the Congressional energy bill, however, has finally done that.The news from Washington is that the House of Representatives has no intention of moving forward with the “Cantwell-Ensign” clean energy provisions that the Senate made part of their comprehensive housing bill in early April. House Democratic leadership does not believe:

  • that energy provisions should be included in housing legislation
  • that energy matters should be part of any future ‘Economic Stimulus’-type legislation
  • that bills with tax titles should be passed with no identified source of funding

Unfortunately, those three characteristics well describe the clean energy amendment that Senators Cantwell and Ensign succeeded in attaching to the housing bill.

This is, to say the least, a disappointment, particularly after the efforts of solar citizens helped to produce the overwhelming (88-8) Senate passage of the amendment. But for the short term, it seems there will be no useful activity on Capitol Hill that will promote the tax credits for clean energy or energy efficiency that we know are so important. And that doesn’t mean these measures will never again be a part of the economic equation; what it means is that those congresspersons who firmly believe the measures are necessary must find other legislative vehicles to carry them through the House, Senate and the White House.

Will this happen this year? At this point we can’t tell you. There is talk of lumping the clean energy tax credits in with other credits and deductions in a broad-based ‘extenders’ bill, but nothing concrete has yet emerged. We do know that the attention of Congress in an election year tends to veer toward campaigns and polls instead of legislation as November approaches, so we’re hoping for action earlier rather than later.

As always, we’ll keep you posted.

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Pingback on April 20th, 2008.

[...] David Llorens wrote an interesting post today on Solar Tax Credits Run off the RailsHere’s a quick excerptFrom Solar Nation: Clunk! Roller Coaster off the Rails More Info The House puts its foot down Roller coasters have, by design, a multitude of ups and downs, but it’s comforting even to thrill-seekers to know they rarely become … [...]

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