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H.R. 550, The Securing America's Energy Independence Act of 2007 (9 comments ↓)
H.R. 550 would amend the Internal Revenue Code of 1986 to extend the investment tax credit with respect to solar energy property and qualified fuel cell property.
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HDMike
This legislation serves three noble purposes at the same time.
(1) Promotes the use of sustainable and non-polluting energy
(2) Promotes domestic economic development in a high-tech industry
(3) Reduces our dependence on foreign energy resources
Acts like this and the Solar America Initiative are overdue.
JimHock
This bill is important because it levels the playing field for solar. For example, in the Energy bill of 2005, clean coal got a 10 year extension on their credit and new nuclear got 8 years. Solar should be treated equally.
daffydou
I think Solar Energy needs this boost. I just feel that solar is way too democratic and will be universal only when big oil can sell the sun to us. It's a shame something that shines so universally takes a back seat to the likes of coal and nuclear, but then again your average Joe can't afford coal or nuclear, but with government assistance (the same that big coal, oil and nuclear get) solar can be one piece of a puzzle that helps us towards Energy Independence.
SteveB
For the cost of the Iraq war so far (about $500B give or take), we could have taken all the homes in California and Nevada off the power grid using existing, commercially available solar PV solar systems at the going price today. I installed solar PV last March and have zeroed out my electric bill ever since. After CA rebate my system cost $40K (6KW), but my house is an energy hog and most can get all their power from a system slightly more than half that size. Figure 16 million households between CA and NV and $30K per household (comes out $480B). Now THAT would make a dent in our energy dependence and fossil fuel problems.
GaryF
This is a good bill. It is simple and straight forward when it comes to energy from other sources. It is important for the government to take the lead and set a precedence promoting Solar and other forms of alternative energy. For an advance country we are behind the time of others in Europe like Germany.
Frustrated American
While a glorious idea, and one that I would love to see pass, this bill will fail miserably, because the funding for the tax credits to American households is meant to come from taxing oil companies. These oil companies will have no problem throwing muscle against the bill and getting it thrown out (as usual).
Sad but true.
GeorgeB
H.R.550 is not a bill that the congress should be milking their back door funding by being wined and dined. This bill was suppose to be voted and passed by September it only shows how low they can go to get money thrown at them. The future of their kids and their kids children should be at the front of their minds not what they can get for themselves now. Wars are short term in comparison to the planetary situation.
Thomas S. Parish, Ph.D.
Solar energy is plentiful (especially in certain areas), renewable, almost totally cost and tax free (once the system is installed), and a great buffer from foreign interests (and domestic ones, too) who escalate other nonrenewable energy sources without any hesitation.
John Nettles, Nettles Electric
This bill would finaly help to ween us off our oil addiction, as well as create thousands of green jobs.
Lets finaly become the world leaders in energy conservation, not consumption!