Congress votes to extend solar tax credits through 2011
A few weeks earlier, we posted about the looming expiration of clean energy tax credits in America. But last week, Congress voted on a massive tax bill that includes extension of solar tax credits in the USA. The federal solar grant program is alive for at least another 12 months!
Under the terms of the new law, you now have until December 31, 2011 to begin work on a solar power project and apply for investment tax credits that will allow you to recoup up to 30% of the costs through the solar tax credit. Not only does that take the pressure off solar contractors and business owners that were rushing to get solar power projects under way before December 31, 2010, but solar companies are celebrating the fact that they should be able to retain the green jobs that were recently created, and possibly even increase hiring in the New Year.
Tags: energy tax credits, federal tax credits, solar energy, solar grant program, solar grants, solar power, solar projects, solar tax credits
January 27th, 2011 at 11:35 am
There is only continued growth in the future of the solar industry. I don’t think a lot of people realize that billions of dollars are saved by solar power each year in the U.S. Solar panels tied to the electrical grid actually help minimize the number of power outages that cost the country a small fortune each year.