Renewable Energy Credit Extension Act of 2006

H.R. 5010, the Renewable Energy Credit Extension Act of 2006, proposed extending federal tax credits for the production of electricity from renewable sources, such as wind, biomass, and solar, through the year 2012. Additionally, the bill sought to allow tax-exempt entities—including local governments, tribal governments, and non-profit organizations—to sell their unused energy tax credits to other parties. For the average citizen, this legislation aimed to lower the long-term costs of clean energy projects and encourage broader investment in renewable utility infrastructure across both the public and private sectors.