February 16, RenewableEnergyWorld.com
A one-year extention to the production tax credit (PTC) was left out of a bill passed yesterday that extended the payroll tax cut. The credit would have provided developers or wind farm owners with 2.2-cents per kilowatt-hour of renewable energy generated It is the only federal subsidy for wind and other renewable energy production and expires at the end of 2012. If the PTC isn’t extended soon, delays and cancellations of planned renewable energy projects are likely to start occurring over the next few months.
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