The House is expected to take up and approve legislation this week that would provide $18 billion in tax breaks to boost renewable energy production, including authorization for $5.6 billion of taxable tax-credit bonds.

"The bill extends and expands tax incentives for renewable electricity, energy, and fuel, as well as for hybrid cars, and energy-efficient homes, buildings, and appliances," House Speaker Nancy Pelosi, D-Calf., Majority Leader Steny H. Hoyer, D-Md., and Ways and Means chairman Charles B. Rangel, D-N.Y., said in a prepared statement last week. "By strengthening our renewable energy sector, the bill will help create the next generation of good-paying, green-collar jobs and bring down energy prices in the long term."

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