I am so glad to see that the House passed the bailout bill today and that President Bush signed it into law. Why? I sell solar electric systems for a living.
In Bailout 2.0, our fine Senators and Representatives saw fit to extend the 30% solar investment tax credit for eight years. Along with extending it, they removed the $2,000 cap on residential solar electric systems.
Within hours of the signing, I received an email from a customer, "If I put in a $40,000 system, does that me I get a $12,000 tax credit instead of a $2,000 tax credit? When does the credit kick in?" His numbers are correct and the credit kicks in after December 31, 2008. It will be great for business.
So why do I feel so bad, so embarrassed to admit that I got mine?
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