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The Senate has approved extensions for renewable tax credits as part of The Foreclosure Prevention Act of 2008. The energy tax credits were included as an amendment offered by Senators Maria Cantwell (D-WA) and John Ensign (R-NV). The credits still face an uncertain future when the House takes up its version of foreclosure prevention.

SolarLease program provided by SolarCity with the backing of Morgan Stanley will allow homeowners to reduce the costs of acquiring solar panels. The program allows Solar City to retain ownership of the panels, and with it the rights to tax credits, Renewable Energy Credits, and Carbon Credits.

The Energy Tax Credits are Back. Or Are They? The House has voted 236 to 182 in favor of a tax credit package that would restore many of the renewable tax credits that failed to win extension in the 2007 Energy Indiependence Act

Efforts to extend tax credits for solar and wind power, which have failed in the Senate three times, will get another chance this week as an amendment to the Housing bill. At the same time The U.S. House of Representatives passed a new energy bill which re-authorizes incentives encouraging construction of wind and solar power projects and also introduces important new measures to improve energy conservation. The U.S. Renewable Energy and Energy Conservation Tax Act of 2008 was passed with bi-partisan support in the House in a 236 to 182 vote.

Germany’s Technische Universität Darmstadt is the winner of the U.S. Department of Energy’s Solar Decathlon competition on the National Mall in Washington, DC.