Preserving Our World's Energy and Resources Act of 2001
Last action on Jun 25, 2001Referred to the Subcommittee on Energy and Air Quality, f...
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Summary
Preserving Our World's Energy and Resources Act of 2001 - Amends the Internal Revenue Code to include as energy property for purposes of claiming the energy (investment) credit equipment which uses wind to generate electricity and cool roof property.
Allows a nonrefundable personal credit for qualified renewable resource property (solar, wind, and geothermal) and qualified cool roof property.
Amends the Federal Power Act to require retail electric suppliers to comply with specified requirements concerning net metering.
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