Tag archives for production tax credit
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While debate continues over whether Congress should extend the wind production tax credit that expires Dec. 31, the U.S. Department of Energy (DOE) is touting its progress in supporting offshore wind development, noting that it is providing up to $168 million in funding for seven “advanced technology demonstration projects” across the country. The United States…
Wind Industry Fights to Save Tax Credit Before Its Expiration Date
Posted by Amy Sinatra Ayres on November 13, 2012 Advocates scrambling to extend subsidies for renewable energy have wind back in their sails after the re-election of President Barack Obama and Congress’ return to Washington. The renewable energy production tax credit (PTC) gives wind power producers an income tax credit of 2.2 cents for every kilowatt-hour. Without it, wind energy can be too expensive…
