As Capitol Hill legislators thrash out a compromise on the extension of the Bush-era tax credits, lobbyists for the wind and solar industries are working feverishly to ensure the 1603 investment tax credit that provides a 30 percent write-off for investment in wind and solar installations make it into the final bill. As of press-time, these tax credits are set to expire at year-end and are not in the legislation currently being discussed.

According to an article in The Hill, Sen. Dianne Feinstein (D-Calif.) and more than 12 other Democrats are pushing for a two-year extension of these tax credits. The loss of the 1603 investment tax credit would be a serious blow to the wind and solar industries because it makes the ROI on solar or wind installations much more palatable.

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