As the Senate, the House, the White House, the Republicans and the Democrats hash it out over what to do about the expiring tax cuts, U.S. Senator Maria Cantwell, co-author of the CLEAR Act, is leading an effort to extend an also-expiring program that has played an important role over the last couple of years to build the renewable energy industry.

Unfortunately, in the compromise framework for a deal between the White House and Republicans, this program was not included. It should be, in whatever is finally voted on.

Senator Cantwell’s initiative is supported by Maryland Senator Ben Cardin and 25 other Senators. It has to do with the extension of the “Section 1603 Treasury Grant Program.” See the link here for more info: http://cantwell.senate.gov/news/record.cfm?id=328729

This program will expire at the end of this year. If it is not extended, it will be a “hit” on the renewable energy industry. In the words of a statement signed by the 26 U.S. Senators in support of extending this program, “Absent an extension of the TGP, the anticipated total financing available for renewables is expected to decrease by 56 percent in 2011.”

I’ve heard that Harry Reid has indicated support for trying to make this happen.

If you agree that this as an important issue, a possible win during the lame duck session, please reach out to U.S. Senators about this, as soon as you can.