Our friends on Capitol Hill have been working out a large-scale energy bill for quite some time, and with the way things are going, they may not manage to nail down a package before the election. Why? It's a bit confusing, decidedly, but essentially, the House passed a different energy and tax package from what the Senate proposed. The result? A likely veto from the White House, if the legislative branch can't reach a consensus, which will mean fewer tax incentives for renewable energy companies and individuals. Without these tax incentives, many renewable energy projects may be cost prohibitive, keeping the U.S. dependent on foreign oil for a good long while.
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