FY 2016 Omnibus Budget and Federal Highway Bill extend solar & wind tax credits

摘要

In December 2015, House Republicans unveiled legislation that included multiyear extensions of tax credits for solar, wind, biofuels and electric vehicles, and energy efficiency. This legislation is the most significant action by Congress in the last few years and insures a robust growth rate for the depth and breadth of the renewable energy and energy efficiency industries. The Omnibus Budget Bill lifted the ban on exports of U.S. crude oil, a symbolic gesture to the Republican Congressional leadership as well to an assortment of Democratic and Republican oil state members of Congress. While I was not bullish on this idea, the fact that we have a global oil glut with prices at rock bottom, will not jettison US oil on the world stage any time soon.