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Burning the Future

In Burning the Future: Coal in America, writer/director David Novack examines the explosive forces that have set in motion a groundswell of conflict between the coal industry and residents of West Virginia.

Burning The Future: Coal in America
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HR 1424 passes House 263-171 - RE Tax Credits Included
Written by Administrator   
October 03, 2008

HR 1424, the Emergency Economic Stabilization Act of 2008, just passed the House of Representatives with a vote of 263-171. President Bush has indicated that he will sign the bill into law within the next few days.

This package extends the 30-percent federal investment tax credit for both residential and commercial solar, small wind, ground-coupled heat pumps installations from 4 - 8 years. This bill also completely eliminates the $2,000 monetary cap for residential solar electric installations. This bill also provides an ITC for water energy applications (tidal, wave, and ocean currents and thermal) and combined heat and power for two years. The federal production tax credit was extended for biomass power, geothermal and wind energy as well.

Says Scott Sklar, President of The Stella Group, Ltd., "this action will create over one hundred thousand new US jobs in the broad portfolio of renewable energy industries, cut US energy imports and slash greenhouse gas emissions". Sklar further said, "special thanks to Senators Reid, Baucus, Salazaar, Cantweell, Grassley and Ensign for making this happen initially in the economic package, and Representatives Pelosi, Udall(s), and Bartlett in the House of Representatives."

 
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Programs and Tips

Energy Star is the national program that rates appliances and promotes energy savings activities. Experts at the US Environmental Protection Agency and US Department of Energy have also sorts of programs and tips. Here are three sites: