Wednesday, February 01, 2012

End Of Wind Tax Credit Could End Wind Projects

If Congress does not to renew the wind production tax credit, the industry could collapse in 2013. The credit will expire in December and there is doubt that Congress will renew the tax credit.  Currently U.S. tax credits are available only for facilities that come online before the end of 2012.

Bills to extend the credit so far have not gone anywhere in Congress.  Several key ethanol and biodiesel subsidies expired at the end of last year.

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