New Energy Bill from Senate has Good Prospects–with your help!

Senators Maria Cantwell (D-WA) and John Ensign (R-NV) have introduced a bipartisan bill—S2821—in an attempt to break the Congressional deadlock over renewable energy tax credits. Their bill, know as the Clean Energy Tax Stimulus Act of 2008, contains much of what we’ve been fighting for over the past year, and needs a total of 61 senators to co-sponsor it, to ensure passage.

The bill is a pared-down version of previous House-originated bills that have failed to find means of financing acceptable to the Senate. It has a price tag of $7 billion, and proposes to:

• extend the investment tax credit for commercial solar power installations for 8 years
• extend the residential solar investment tax credit for one year and remove the current $2000 credit cap
• remove the exemption on utilities for claiming these tax credits
• allow the tax credit to offset alternative minimum tax
• extend incentives for energy efficiency improvements

What’s really vital is for this bill to garner enough co-sponsors in the Senate (61) to insure it against the threat of a filibuster. Could you send an e-mail today to your senator(s)’ office and urge them to get on board?
TAKE ACTION NOW! Go to this link, enter your ZIP code, and send your message.

http://capwiz.com/re-action/go/S2821

And thanks!