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Wednesday, November 2, 2011 - 7:00AM

Sen. Debbie Stabenow, D-Mich., Monday introduced a bill to extend the Section 48C qualifying advanced energy credit through 2011 at a level of $5 billion and renames the credit the ‘Make it in America Credit.’ Of the total $5 billion, the bill sets aside up to $1.5 billion that may be allocated to applications submitted under the original Section 48C program. S. 1764, the Make It in America Tax Credit Act of 2011, includes a provision that would allow taxpayers to elect to receive a grant in lieu of the qualified advanced energy credit. The bill also expands the types of qualifying projects to include those producing bio-based products that may be used as a petrochemical alternative.

Tune in to the next Tax Credit Tuesday podcast to hear more about the bill and what it could mean for the renewable energy community. You can also get in on the discussion of the latest industry news and developments by attending the Financing Renewable Energy Conference November 17-18 in Washington, D.C.

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