U.S. Senator Bernie Sanders (I-VT) has introduced a Bill to the Senate that would help homeowners to slash the cost of installing solar panels. The 10 Million Solar Roofs Act of 2008 will offer rebates for up to half the cost of installing solar photovoltaic systems, and run for ten years. A wide range of people and organizations, including homeowners, businesses, non-profit organizations, state and local governments will be eligible to apply.

The Bill will be formally introduced when the Senate reconvenes on Monday following the 4th July recess. Co-sponsors come from across the political spectrum, including Senators John Kerry (D-MA), Ben Cardon (D-MD), Arlen Specter (R-PA), John Warner (R-VA), and Robert Menendez (D-NJ). The proposal looks very similar to an initiative launched in San Francisco late last month that will provide rebates of $3,000 to $6,000 in the largest city-wide solar promotion scheme in the U.S.

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