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Politics : Formerly About Advanced Micro Devices
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To: RetiredNow who wrote (548623)2/8/2010 10:58:28 AM
From: Brumar89  Read Replies (1) of 1574878
 
We've already had what you day you want:

.....
The Energy Tax Act of 1978 established a 15 percent tax credit for solar energy. This credit continued uninterrupted for 8 years until the Tax Reform Act of 1986 provided for a phased reduction. On January 1, 1987 the credit fell to 12 percent. On January 1, 1988 the credit further reduced to 10 percent. The credit remained at this level until 2005.

[ 1979 - 2005 = 26 years. ]

The Energy Policy Act of 2005 (EPAct 05) created a new commercial and residential ITC for fuel cells and solar energy systems that applied from January 1, 2006 through December 31, 2007. The credit was extended for one additional year in December 2006 by the Tax Relief and Health Care Act of 2006. In 2007, global investment in clean energy topped $100 billion, with solar energy as the leading clean energy technology for venture capital and private equity investment.

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