| Wednesday, September 24, 2008 |
| Not all stocks drop |
The U.S. Senate on Tuesday approved a package to extend $18 billion in tax credits for using renewable energy sources like wind, solar and geothermal and also provide incentives to cut energy consumption.
Solar power companies' shares rallied in early trading today, the day after the U.S. Senate voted to extend tax credits worth $18 billion for renewable energy sources.
The measure, which the House of Representatives and President George W. Bush are expected to approve, would give businesses a 30 percent tax credit to offset the development costs of solar and other clean energy projects.
The residential and business tax breaks for solar energy would be extended for eight years.Labels: solar energy |
posted by Christy @ 10:23 AM 
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