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Thanks to Congress, 2014 will bring uncertainty for the wind industry

2013-12-29 14:38:00| Climate Ark Climate Change & Global Warming Newsfeed

ThinkProgress: The U.S. House of Representatives has already gone on vacation back to their districts and the Senate effectively adjourned for 2013 last Friday, meaning that the one-year extension of the Wind Production Tax Credit (PTC) will expire on Jan. 1, 2014. The PTC is a $0.022 per kilowatt-hour tax credit on the power that new wind farms in the United States generate for the first 10 years of their operation. These farms have to be under construction in 2013 to receive the credit, which is different...

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