Wind Energy Tax Credit Extended

Wind energy production is sure to continue its growth, at least for one more year. The production tax credit for wind energy was given a one-year extension, which energy analysts and economic-development officials believe will help the renewable energy industry.

“Though good for only one year, the extension contains wording that applies the credit to wind farms that are ‘under construction’ by next December 31.”

The extension can give companies up to an additional 24 months to complete their wind projects. Without the extension, the wind market was expected to decline by more than 50 percent in 2013.

Source: Daily Camera

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