Governor Schwarzenegger yesterday issued the following statement urging the U.S. Senate to take action that would extend the solar tax credit set to expire at the end of this year. Last month, the House of Representatives passed H.R. 5351, the Renewable Energy & Energy Conservation Tax Act, which addresses the need for a long-term tax credit. ( G.C.G )
"Extending the federal solar tax credit is essential to California and all of our environmental goals. In order to meet our goals for renewable energy, Assembly Bill 32 and our Million Solar Roofs initiative, we must have a guarantee that the federal government will continue to support solar energy in the long-term. This is exactly the kind of thing government can do to protect our environment and boost our economy at the same time. The House has already taken action on this, so now is the time for the Senate to take immediate action to extend the federal solar tax credit and support solar energy in the long term."