NEWS - tax credit extended 8 yrs, $2k cap removed 10/6/08 – Homeowners battling against soaring energy prices and a struggling economy just gained a powerful new tool to help harness free, renewable energy from the sun, the wind and other sustainable resources. The U.S. House and Senate just passed historic legislation that will massively increase the use of solar energy all across the America. Renewable energy provisions in H.R.1424 include an eight year extension of the 30% solar tax credit and removal of the monetary cap for residential solar electric installations. The President signed it into law on October 3.
