Production Wind Credit Renewed!

Lovers of wind turbines everywhere rejoice!  The Production Wind Credit was renewed for 2013 as part of the fiscal cliff negotiations.

winding path at the base the Medford wind turbine

Medford Wind Turbine on a beautiful day

This means that turbines completed in 2013 will receive the same tax break of 2.2 cents for every kWh produced.

Forbes has a succinct article where you can read more.

Unfortunately, those of us who work closely with the industry know that you have to plan and develop a wind project for more than a year, so unless projects were already underway in development, it is unlikely that new ones will spring up quickly.  In fact, because no one had confidence that this would pass, many companies that build and design wind turbines have already cut down production and laid off workers. In order for this tax credit to really spur the industry, it has to be guaranteed for at least 2 years, and longer would be better.

Energy Chu did a townhall format conversation that was broadcast on the web and recorded about the future of the wind industry.  You can see the recording on YouTube:



Comments

  1. Hi there! This post could not be written any better!
    Reading this post reminds me of my good old room mate!
    He always kept chatting about this. I will forward this post to him.
    Pretty sure he will have a good read. Many
    thanks for sharing!

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