America’s solar-energy enthusiasts could soon expect bigger green cheques in the mail. Both chambers of Congress passed bills last week granting a long-term extension – and expansion – to commercial and residential tax credits for solar power installations.
The legislation extends a 30 per cent rebate on the installation of solar technologies, including photovoltaic panels and solar water-heating systems. It also does away with the current $2000 cap in rebates for residential systems.
The extension will have a major impact on the adoption of solar power, according to a study by an independent firm called Navigant Consulting. It found that by 2016,…
