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Wall Street bailout bill extends renewable tax credits

The Wall Street bailout bill that passed Oct. 3 could give more of a boost to Nevadans than just a more stable lending system.

The bill, signed quickly by President Bush, extended tax incentives for companies that have long eyed Nevada as the epicenter of a renewable energy revolution.

“This bill is a major step in our long journey toward energy independence and ensures that solar energy will be a significant part of America’s energy future,” Solar Energy Industry Association President Rhone Resch said in a statement. “This long-term extension of the solar tax credits will create a domestic solar industry with hundreds of thousands of jobs while providing clean, affordable, carbon-free energy to millions of American families, businesses and communities.”

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