It took a lobbying blitz and a little bit of luck, but the wind industry eventually got its hoped-for reprieve in Tuesday’s fiscal cliff deal.
As part of the bargain, Congress extended a key tax credit for wind energy for another year – at a cost of some $12 billion over 10 years. Not only that, but Congress made a small tweak: Wind producers won’t have to finish their projects by 2013 to qualify for the production tax credit. They’ll just have to begin building this year. That’s a crucial change that could give the U.S. wind industry a boost… [continue via Web link]