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

Panasonic - Rise & Shine

Panasonic - Rise & Shine

Panasonic a leader in consumer electronics, business solutions and industrial components has been in the solar business for 40 years, providing high efficiency and high quality solar panels HIT® for over 17 years. With so many years of experience, Panasonic's corporate goal is to provide durable, efficient and high performance products to its customers.