[Greenbuilding] EPACT tax credit evaporating

[Lawrence Lile]

Buy your solar collectors by December 31.  The EPACT solar and energy
conservation tax credit evaporates on January 1st.  The tax credit is
good for reflective metal roofs, solar water heaters, solar electric
generation, insulation, better windows, and better mechanical equipment
on your home. Thank our shortsighted Senators for this oversight, it
passed in the House.   

Lawrence Lile, PE, LEED AP
Project Solutions Engineering

http://tinyurl.com/ywlgv8

"December 13, 2007 10:43 AM PST
Energy bill expected to lose renewable energy tax break
Posted by Martin LaMonica

Dealing a blow to the solar and wind industries, the U.S. Senate is
expected to pass an energy bill later on Thursday that strips out a tax
provision to encourage investment in renewable energies.

The House last week passed an energy bill that extended tax incentives
beyond 2008 for businesses and consumers who purchase renewable energy
systems.

On Thursday, the Senate delayed passage of the bill until later today, a
move which will lead to the removal of the tax provision, according to
industry executives and published reports.

The centerpiece of the energy bill is an overhaul to the fuel-efficiency
standards for vehicles.

The House version included an extension to the incentive tax credit and
a provision that would require utilities to have 15 percent of their
power come from renewable sources. Both are expected to be stripped.

Not surprisingly, executives from the solar and wind industries
criticized the result of Thursday morning's Senate vote.