Tuesday, October 7, 2008

Renewable energy tax credits made permanent

Early last week, I mentioned how Congress was about to let all of the tax credits expire for people who invest in solar, wind, or other renewable energy projects for their homes or businesses. This would have been a massive blow to green projects, and green technology companies, across the country. Well, buried deep within the massive $700 billion economic bailout plan, Congress made the tax credits permanent. Problem solved. But still, given that it was a piece of candy added to a huge, deficit-busting, our-kids-and-grandkids-will-be-paying-for-this bill, I'm not sure how to feel about this.