Green Options

Since the energy crisis of the late 1970s, the federal government has employed various policy mechanisms to support renewable energy development. Driving through the neighborhoods that were developed in the late 70s and early 80s, it’s not hard to notice all of the old rooftop solar water heating arrays that were installed because people were taking advantage of a tax credit made available by the Carter administration. But the tax credit expired after Reagan took office, which is why I don’t see rooftop solar hot water nearly as much anymore (at least not recently installed).

The same thing will happen if the renewable energy tax credits expire

H.R. 5351, the Renewable Energy and Energy Conservation Tax Act that was passed last week by the House, is facing strong opposition from the White House. President Bush has repeatedly said that he will veto any bill that repeals tax breaks for big oil to fund renewable energy development. Why? Apparently, this administration has already done enough for renewable energy. And according to President Bush, “This administration has done more for renewables than any President.” Really? Based on what [...]