U.S. Sen. Mark Udall (D-Colo.) announced Wednesday a new bill intended to boost solar energy production by extending solar tax credits to residents who invest in community solar farms to power their homes.
The bill is the first of a series of clean energy bills Udall plans to unveil. He said the legislation was inspired by conversations he had with Western Slope residents and business owners during a tour of the region last month.
The bill, dubbed the Solar Uniting Neighborhoods Act, would extend a solar tax credit to those who pay into an off-site, community-based solar array to provide power to their homes. Current law allows homeowners to receive a 30 percent credit for installing solar panels on their property.