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Margaret Collins Said,
June 24th, 2008 @5:09 pm  

I do agree with you, Eric, that passing legislation to incentivize the adoption of renewable energy is a priority that should be separated out of the big bill “package” approach if possible; the problem with this is not that it is bundled with unrelated issues, but that it is bundled (or has been) with very related issues. Namely, how to fund the tax incentives. The government is losing income when it offers these tax credits to individuals and corporations, and must replace those lost funds somehow. Each of the two major parties would like to see funding come from a very different source: until this matter gets resolved, a bundled bill is not likely to pass. I don’t, however, think the solution is un-bundling it. What good is passing the legislation, after all, if we have no way to pay for the incentives? New Jersey ran out of money for their strongest state-funded incentive earlier this year, far sooner than expected, and leaving many people in the state at a total loss as to how to proceed. We don’t want that happening on a national level (the residential incentive is small and probably wouldn’t cause too many waves if it were cut, but not being able to fund the corporate incentive–set at 30% of system cost–would make waves on the scale of tsunamis). As frustrating as it is to wait for this bill to come through again, I’m in favor of legislators taking their time, as necessary, to determine the best method for funding before they reinstate the incentives. I think it would be irresponsible of them to do otherwise.

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