Local wind farm could benefit from tax credit

Fiscal cliff deal included energy incentive that would help Champaign turbine project.

When Congress approved a last-minute deal this week to avoid toppling off the fiscal cliff, it also extended a tax break that could provide financial benefits to a controversial $250 million wind farm in Champaign County.

Proponents of the tax credit said it will provide needed stability in the energy market, while opponents described it as a wasteful handout to the wind industry.

A one-year extension of the federal Production Tax Credit, or PTC, was included in the final bill approved by Congress earlier this week to avoid the fiscal cliff…. [continue via Web link]