Stimulus Package May Extend Wind Energy Tax Credit

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Stimulus Package May Extend Wind Energy Tax Credit

Articles — By forcechange on January 17, 2009 9:49 am

It appears that the stimulus package may include an extension of the wind energy tax credit for another three years. The credit will help subsidize new wind farms for their first 10 years of operation. However, since many potential investors do not owe enough in taxes right now to benefit from a tax credit, the bill may provide an alternative form of subsidy– a direct grant to projects for 30% of their cost.

Unfortunately, it appears the stimulus bill will not address the problem of transmission lines– the lynchpin to any national renewable energy transformation.

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