Senate Prepares to Vote on Wind Energy Tax Credit Extention

by The Green A-Team

Live C-Span coverage of the Senate’s renewable energy vote here.

Green Air Filter:

This just in!

Moments ago, by an overwhelming 93 to 2 vote, the full Senate approved the Baucus-Grassley tax extender bill, which includes a one-year extension of the production tax credit.  It still has to make it through the House.

They giveth and they taketh away.  Tax credits for renewable energy given to businesses and homeowners of solar and wind power systems (but not geothermal, hydroelectric, or kinetic generators for some reason) are slated to expire at the end of 2008.  If these tax breaks go away, the already jittery utility companies and investors of these technologies may go away and those of us who like our air, water, and power clean can start burning those short lived credits to keep warm.

Today, on the brink of this next round of Senatorial voting, Gregory Wetstone of the American Wind Energy Association delivered these inspiring words:

“On behalf of America’s wind energy industry and the millions of Americans who favor clean, domestic wind power, I applaud this critically important effort to move forward on renewable energy tax incentives before Congress leaves town at the end of the month.  We are grateful to Senate leaders from both parties who put aside their differences to come together around this bipartisan package.  Clean energy tax incentives are a vital part of the solution to our nation’s economic, energy security, and environmental challenges.  With more than 100,000 jobs and billions of dollars in clean energy investment at risk, we urge all members of the Senate to vote yes on the Baucus-Grassley Amendment to H.R. 6049 and on final passage of this important legislation.  We hope the Senate’s approval of this measure today will add to the momentum for swift action in the House of Representatives.”

The vote could happen any minute so cross your fingers and check that C-Span link.

Photo by AWEA.

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