Wind-energy tax credit extended for one year

Congress late Tuesday voted to extend a tax credit on wind energy that many said was key to the survival of the wind-power industry.

The credit's one-year extension was included in the measure to avert the fiscal cliff.

The credit saves 2.2 cents per kilowatt-hour of energy produced over 10 years by new wind-energy facilities.

As approved by Congress Tuesday, the extended credit will apply to projects begun in 2013 but not operational until 2014.

Comments (0)

This post does not have any comments. Be the first to leave a comment below.


Post A Comment

You must be logged in before you can post a comment. Login now.

Featured Product

Darfon G320 Microinverter

Darfon G320 Microinverter

The Darfon G320 is the microinverter solution for today's high-power solar modules. The G320 handles 60- and 72-cell modules up to 350W DC and outputs up to 300W AC. The G320's 3-phase configuration accommodates the electrical distribution systems of most commercial buildings and to reduce, if not eliminate, the need for expensive transformers. The G320 comes in four voltage/phase configurations, so it can be installed in residential, commercial or utility applications.