It's long due -- for the U.S.-- to lead the world on renewable energy. Democrats in the House passed the Energy bill by a vote of 235 to 181. The vote is broken down along party line. This bill is probably the strongest 'clean' energy bill ever passed by Congress with the push for renewable energy.
According to Vote Solar, the bill contain strong support that could bring the solar technology to scale: 1) 8-year extension of 30% investment tax credit for solar installation in businesses, 2) 6-year extension of the investment tax credit for residential solar system with a cap of $4,000.
In what we interpret as a negotiating maneuver, this morning the Senate did not attain 60 votes to proceed on the House-passed Energy Security and Savings Act of 2007 and the Clean Renewable Energy and Conservation Tax Act of 2007 (H.R. 6). Republican
leadership effectively organized opposition to the bill, citing as
objectionable (1) the increase in taxes on the oil and gas industries
in the tax package and (2) the 15 percent national Renewable
Electricity Standard (RES). These provisions have also drawn a veto
threat from the President. The tax title is of key importance to the
solar industry because it contains extensions of the commercial and
residential ITC for eight and six years, respectively.