Not Logged In Log In   Sign Up   Points Leaders
Follow Us    7:40 PM

GasBuddy News Article

32
votes
Wind energy tax-credit extension part of 'cliff' deal

USA Today -- A one-year extension of a key tax credit for the wind industry was included in the fiscal cliff deal Congress passed Tuesday.

The tax credit, which has been a major driver for wind development across the country in the past two decades, is worth 2.2 cents per kilowatt-hour of energy produced by new wind installations for their first 10 years of operation.

A White House news release confirmed that the tax-credit extension is included in the Senate package that the House also passed.

It would allow any project that begins construction in 2013 to claim the credit, even if it goes online in 2014, according to industry insiders. The tax credit that expired Monday could be claimed only for projects that were up and running in 2012.

"Just simply, 30% of the value of a project is derived from


Read the Full Article

Submitted Jan 03, 2013 By: skb69sa
Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: Wind energy tax-credit extension part of 'cliff' deal Back to Topics
REPLIES (newest first) Post a Reply
Profile Pic
dave27johnson
Champion Author Chicago

Posts:1,909
Points:693,930
Joined:Feb 2012
Message Posted: Jan 4, 2013 7:27:11 AM

Good news.
Profile Pic
remay
Champion Author Houston

Posts:8,467
Points:2,446,315
Joined:May 2006
Message Posted: Jan 4, 2013 6:20:27 AM

news already posted...
Profile Pic
ExplorerWA
Champion Author Washington

Posts:5,820
Points:1,133,060
Joined:Feb 2011
Message Posted: Jan 3, 2013 9:16:04 PM

Let stand on it's own.
Profile Pic
humblepie
Champion Author Toledo

Posts:48,860
Points:2,708,740
Joined:Mar 2006
Message Posted: Jan 3, 2013 9:56:04 AM

thats really too bad
Profile Pic
boatcatawba
Sophomore Author Cleveland

Posts:246
Points:417,235
Joined:Dec 2012
Message Posted: Jan 3, 2013 8:18:24 AM

pay more taxes, to fund their projects.
Profile Pic
CivicMA
Champion Author Boston

Posts:3,601
Points:870,195
Joined:Jun 2011
Message Posted: Jan 3, 2013 8:14:20 AM

Pork barrel politics! Gov't subsidized programs that can't make it on their own.
Profile Pic
ClarkSC
Champion Author South Carolina

Posts:4,690
Points:1,346,455
Joined:May 2010
Message Posted: Jan 3, 2013 8:14:10 AM

What a joke.
Profile Pic
JimTee
Champion Author Tampa

Posts:2,397
Points:1,803,805
Joined:Apr 2006
Message Posted: Jan 3, 2013 7:48:50 AM

This should not have happened. It should stand on its own merits and not be funded by people's taxes.
Profile Pic
sabre75
Champion Author Florida

Posts:1,691
Points:349,710
Joined:May 2012
Message Posted: Jan 3, 2013 7:48:37 AM

Don't agree at all with this.
Profile Pic
Peachy1
Champion Author St. Louis

Posts:2,467
Points:1,981,275
Joined:Aug 2005
Message Posted: Jan 3, 2013 7:42:13 AM

Sounds like another bankruptcy down the road...not enough hot air coming through.
Profile Pic
xgojim
Champion Author Michigan

Posts:1,431
Points:754,630
Joined:Mar 2011
Message Posted: Jan 3, 2013 7:19:32 AM

Why is it good to prop up an industry that otherwise wouldn't survive? Even with the tax credits, it costs more to generate electricity with wind turbines than other means. Another example of industrial Obamacare.
Profile Pic
peabeax55
All-Star Author Atlanta

Posts:811
Points:259,530
Joined:Mar 2012
Message Posted: Jan 3, 2013 6:54:19 AM

Another presidential pardon for another turkey.
Profile Pic
7SPEEDY7
Champion Author Flint

Posts:2,601
Points:923,020
Joined:May 2011
Message Posted: Jan 3, 2013 6:47:40 AM

pathetic government
Profile Pic
JohnofGB
Champion Author Flint

Posts:7,113
Points:1,432,300
Joined:Feb 2010
Message Posted: Jan 3, 2013 6:30:07 AM

Too bad they cannot harness the hot air coming out of Washington and put it to some good use.
Profile Pic
daytonabiker
Champion Author Florida

Posts:2,616
Points:526,895
Joined:Oct 2012
Message Posted: Jan 3, 2013 5:33:28 AM

legislatively its illegal to have wind mills in Florida
Florida Power and light lobbied Florida in early 1980's to prevent it
Profile Pic
OHIO50
Champion Author Denver

Posts:2,585
Points:1,357,625
Joined:Mar 2010
Message Posted: Jan 3, 2013 5:14:56 AM

This needs the support.
Profile Pic
Nancy&Len
Champion Author Cleveland

Posts:3,640
Points:2,264,290
Joined:Sep 2004
Message Posted: Jan 3, 2013 4:55:15 AM

It fits in well with the money NASCAR and Hollywood got.
Profile Pic
FluffyDogAttack
Champion Author Riverside

Posts:1,766
Points:190,785
Joined:Oct 2012
Message Posted: Jan 3, 2013 3:27:08 AM

It's the Fiscal Cliff Clavin - blowing more hot air.
Profile Pic
Alaydown
Champion Author Los Angeles

Posts:6,625
Points:1,081,855
Joined:May 2007
Message Posted: Jan 3, 2013 3:21:38 AM

What a waste of taxpayer money!
Profile Pic
UseLessGasFolks
Champion Author Iowa

Posts:7,107
Points:1,624,925
Joined:Jul 2007
Message Posted: Jan 3, 2013 2:39:42 AM


Ok but at some point it should stand on its own merits.
Profile Pic
BEngr
Champion Author Illinois

Posts:8,443
Points:1,913,515
Joined:May 2008
Message Posted: Jan 3, 2013 2:30:22 AM

That was plain sneaky.
Profile Pic
Bruno44
Champion Author Texas

Posts:8,689
Points:2,092,575
Joined:Sep 2007
Message Posted: Jan 3, 2013 2:27:45 AM

Wonder what else they hid in the deal?
Profile Pic
JimL1
Champion Author Phoenix

Posts:9,805
Points:1,545,830
Joined:Jul 2003
Message Posted: Jan 3, 2013 2:20:01 AM

I cannot wait to help fire our corrupt legislators.
Profile Pic
Robert44
Champion Author Columbus

Posts:4,511
Points:1,499,915
Joined:Mar 2004
Message Posted: Jan 3, 2013 2:19:07 AM

More wasted taxpayer $ !!!!!
Profile Pic
kd5kpd
Champion Author Texas

Posts:5,240
Points:1,728,750
Joined:Apr 2006
Message Posted: Jan 3, 2013 2:18:20 AM

Not suprised that they have attached their "pork barrel projects" to the deal!!
Profile Pic
RambleOn
Champion Author New York

Posts:2,952
Points:1,821,275
Joined:Aug 2008
Message Posted: Jan 3, 2013 2:18:17 AM

Well that's no surprise since they're so full of wind.
Profile Pic
chevellefan
Champion Author Georgia

Posts:4,396
Points:928,590
Joined:Sep 2011
Message Posted: Jan 3, 2013 2:17:21 AM

go figure
Profile Pic
Retowered
Champion Author Colorado

Posts:10,255
Points:3,021,965
Joined:May 2004
Message Posted: Jan 3, 2013 2:15:33 AM

Government selling us down the road again.
Profile Pic
SnickersDog
Champion Author Denver

Posts:4,940
Points:1,013,210
Joined:Feb 2011
Message Posted: Jan 3, 2013 2:14:53 AM

Waste of money.
Profile Pic
Matt G
Champion Author Boston

Posts:6,207
Points:3,108,825
Joined:Jun 2004
Message Posted: Jan 3, 2013 2:14:09 AM

More gas for us
Profile Pic
btex49
Champion Author Austin

Posts:4,304
Points:848,960
Joined:Aug 2011
Message Posted: Jan 3, 2013 2:10:13 AM

It is not surprising that wind energy would continue to be subsidized by this administration and congress.
Profile Pic
nstrdnvstr
Champion Author Twin Cities

Posts:39,388
Points:4,319,680
Joined:May 2001
Message Posted: Jan 3, 2013 2:06:25 AM

They've has 20 years of tax credits, and they can't compete yet??? THis subsidy needs to end!
Profile Pic
wcp3rd
All-Star Author New Jersey

Posts:774
Points:595,775
Joined:Mar 2012
Message Posted: Jan 3, 2013 2:04:44 AM

If green energy is so good why all the tax credits?
Profile Pic
shari128
All-Star Author Iowa

Posts:573
Points:894,640
Joined:Jun 2010
Message Posted: Jan 3, 2013 1:59:12 AM

That's great if you are into wind energy, or own a home & are thinking about it. What is going to hurt the middle class & lower income wage earner is the payroll tax increase (taking less $$'s home), & keeping gas prices low to stimulate the ecomony and increasing the job market.
Profile Pic
iFueler
Champion Author Durham

Posts:73,178
Points:513,375
Joined:Nov 2012
Message Posted: Jan 3, 2013 1:54:48 AM

looks like tax incentives are still required
Profile Pic
KrsnaDragon
Champion Author Montreal

Posts:4,011
Points:864,125
Joined:Nov 2011
Message Posted: Jan 3, 2013 1:48:33 AM

Is this the result of over-subsidization in alternative energy technologies..?
Profile Pic
billy44bo
Champion Author Mobile

Posts:8,770
Points:1,819,370
Joined:Feb 2008
Message Posted: Jan 3, 2013 1:47:40 AM

Wish that they would have let that one go.
Profile Pic
bobdec
Champion Author Miami

Posts:10,496
Points:2,082,745
Joined:May 2008
Message Posted: Jan 3, 2013 1:47:29 AM

Gov selling us down the road again
Profile Pic
Ahking
Champion Author Orange County

Posts:3,618
Points:625,235
Joined:May 2011
Message Posted: Jan 3, 2013 1:43:37 AM

someone knows it's there.
Profile Pic
TFowler513
Champion Author Memphis

Posts:3,824
Points:1,704,610
Joined:Mar 2008
Message Posted: Jan 3, 2013 1:42:49 AM

Private industry should never be subsidized.
Profile Pic
RENEGADEGAS
Champion Author Missouri

Posts:16,667
Points:1,912,110
Joined:Jul 2008
Message Posted: Jan 3, 2013 1:41:10 AM

If this is such a great idea, why does the government have to subsidize it? Private investors should be beating down the door to participate in such a noble cause. Its because they fail, breakdown, dont generate enough power to help in most situations and destroy the beauty of the land. Eye pollution and dead birds! Wheres the greenie weenies on this one?
Profile Pic
wally52
Champion Author Little Rock

Posts:31,836
Points:1,150,950
Joined:Jan 2011
Message Posted: Jan 3, 2013 1:39:48 AM

I see we're getting the shaft again.
Profile Pic
granitestater
Champion Author New Hampshire

Posts:10,778
Points:1,757,030
Joined:Oct 2008
Message Posted: Jan 3, 2013 1:38:07 AM

What happens after the ten-year tax credit expires? See here...
Profile Pic
GAS1251
Champion Author Texas

Posts:6,841
Points:1,962,835
Joined:Jun 2008
Message Posted: Jan 3, 2013 1:35:10 AM

Windbuddy.com?
Profile Pic
cutter1330
Champion Author Oklahoma

Posts:9,364
Points:2,014,770
Joined:Jul 2005
Message Posted: Jan 3, 2013 1:28:51 AM

When you're full of hot air....wind is about right.
Profile Pic
ClassicWheeler
Champion Author Montgomery

Posts:2,255
Points:642,050
Joined:Apr 2012
Message Posted: Jan 3, 2013 1:27:39 AM

I guess every penny counts. The problem is we are spending dollars to save pennies. Doesn't make sense to me.
Profile Pic
camel1
Champion Author Minnesota

Posts:9,934
Points:2,598,290
Joined:Jul 2006
Message Posted: Jan 3, 2013 1:25:35 AM

not great
Profile Pic
PetroScopper
Champion Author Houston

Posts:8,277
Points:1,882,765
Joined:Aug 2008
Message Posted: Jan 3, 2013 1:22:12 AM

I look at that tax-credit as positive incentive to develop a wind project. It can potentially help us move a little quicker toward energy independence.
Profile Pic
Zonk
Champion Author Michigan

Posts:8,131
Points:2,432,815
Joined:Oct 2005
Message Posted: Jan 3, 2013 1:21:57 AM

A waste of collected tax monies.
Profile Pic
CPGas1815
Champion Author Michigan

Posts:6,060
Points:1,110,190
Joined:Apr 2008
Message Posted: Jan 3, 2013 1:21:49 AM

It seem as as if it is windy day today'
Post a reply Back to Topics