Wind energy's future uncertain as Senate discards tax credit

mkpdavies · 08-02-2008, 06:59 PM

Quote:

The wind industry suffered a setback Thursday after the U.S.
Senate passed an economic-stimulus bill but left out
language that would have restored Federal Production Tax Credits (PTC) for renewable energy providers, due to expire at the end of the year.
In an effort to come to a compromise with their Republican counterparts, Senate Democrats scaled back their previous demands for
additions to the stimulus bill, which included the renewable energy
tax credits.
The incentives, at an estimated cost of $5.5 billion, included tax credits for wind, solar and other alternative energy sources, as
well as incentives for homeowners to make their homes more energy
efficient.

Thread Tools
Show Printable Version Email this Page
Display Modes
Linear Mode Switch to Hybrid Mode Switch to Threaded Mode