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'Fiscal Cliff' Deal Gives Wind Energy Tax Credit 1-Year Lifeline

2013-01-02 07:00:00| Climate Ark Climate Change & Global Warming Newsfeed

Desert Sun: A one-year extension of a key tax credit for the wind industry made it into the fiscal cliff deal the U.S. Senate and House passed on Tuesday. The tax credit, which has been a major driver for wind development across the U.S. over the past two decades, is worth 2.2 cents per kilowatt-hour of energy produced by new wind installations for their first 10 years of operation. A White House news release confirmed that the production tax credit extension is included in the Senate package that the...

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Category:Electronics and Electrical

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