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Tax Credits Extended for Green Energy Investments

After a year of squabbling in the U.S. House and Senate, leaders have extended approximately $18 billion in tax credits to encourage investment in renewable energy. President Bush signed the measure into law on Oct. 3 just hours after its approval in the House, averting a sunset that threatened to end the credits at the close of 2008. Now landlords and other businesses and individuals who invest in solar, wind, biomass and marine renewable energy improvements after Dec. 31 can still qualify for credits of as much as 30% on federal taxes. Adopted as a ...

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