in News Departments > New & Noteworthy
print the content item

The 109th Congress approved the Tax Relief and Health Care Act of 2006 (H.R.6111), a bill that extends a package of tax cuts that promote the production of renewable energy, including wind, for another year. This clears the act for President Bush's signature.

If President Bush signs the bill, the renewable energy production tax credit (PTC) will be extended until Dec. 31, 2008. The act allows an extra $400 million of clean renewable energy bonds to be issued, which will finance the construction of facilities that produce renewable energy. In addition, it extends the tax credit for construction of energy-efficient homes and energy-efficient commercial buildings.

According to Senator Kent Conrad, D-N.D., who serves on the Senate finance committee that oversees the tax policy, the bill will help the country reduce its dependence on foreign sources of energy.


Trachte Inc._id1770
Latest Top Stories

Wind Energy Dominates New U.S. Power In October

Data from the Federal Energy Regulatory Commission shows that wind power accounted for over two-thirds of the country's new electricity generating capacity in last month.


Are Fitch Ratings' Claims About Wind Farm Underperformance Unfounded?

A recent report from Fitch Ratings suggests that wind farms underperform due to an overestimation of wind resources, but AWS Truepower says the analysis misses the mark.


SunEdison Buying First Wind In $2.4 Billion Deal

Global solar company SunEdison and its yeildco have announced an agreement to buy the Boston-based developer, a major player in the U.S. wind industry.


U.S., China Reach Ambitious Climate Change Accord

The agreement between the global superpowers leans heavily on the deployment of renewable energy, such as wind and solar.


What The Midterm Elections Mean For The U.S. Wind Industry

Both chambers of Congress are now under Republican control for the first time since 2006. How will wind energy fare?

Hybrid Energy Innovations 2015
Renewable NRG_id1934