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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


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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
dave27johnson
Champion Author Chicago

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Message Posted: Jan 4, 2013 7:27:11 AM

Good news.
remay
Champion Author Houston

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Message Posted: Jan 4, 2013 6:20:27 AM

news already posted...
ExplorerWA
Champion Author Washington

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Message Posted: Jan 3, 2013 9:16:04 PM

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

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Message Posted: Jan 3, 2013 9:56:04 AM

thats really too bad
boatcatawba
Veteran Author Cleveland

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Message Posted: Jan 3, 2013 8:18:24 AM

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

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Message Posted: Jan 3, 2013 8:14:20 AM

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

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Message Posted: Jan 3, 2013 8:14:10 AM

What a joke.
JimTee
Champion Author Tampa

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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.
sabre75
Champion Author Florida

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Message Posted: Jan 3, 2013 7:48:37 AM

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

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Message Posted: Jan 3, 2013 7:42:13 AM

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

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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.
peabeax55
All-Star Author Atlanta

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Message Posted: Jan 3, 2013 6:54:19 AM

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

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Message Posted: Jan 3, 2013 6:47:40 AM

pathetic government
JohnofGB
Champion Author Flint

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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.
daytonabiker
Champion Author Florida

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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
OHIO50
Champion Author Denver

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Message Posted: Jan 3, 2013 5:14:56 AM

This needs the support.
Nancy&Len
Champion Author Cleveland

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Message Posted: Jan 3, 2013 4:55:15 AM

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

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Message Posted: Jan 3, 2013 3:27:08 AM

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

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Message Posted: Jan 3, 2013 3:21:38 AM

What a waste of taxpayer money!
UseLessGasFolks
Champion Author Iowa

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Message Posted: Jan 3, 2013 2:39:42 AM


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

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Message Posted: Jan 3, 2013 2:30:22 AM

That was plain sneaky.
Bruno44
Champion Author Texas

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Message Posted: Jan 3, 2013 2:27:45 AM

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

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Message Posted: Jan 3, 2013 2:20:01 AM

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

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Message Posted: Jan 3, 2013 2:19:07 AM

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

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Message Posted: Jan 3, 2013 2:18:20 AM

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

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Message Posted: Jan 3, 2013 2:18:17 AM

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

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Message Posted: Jan 3, 2013 2:17:21 AM

go figure
Retowered
Champion Author Colorado

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Message Posted: Jan 3, 2013 2:15:33 AM

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

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Message Posted: Jan 3, 2013 2:14:53 AM

Waste of money.
Matt G
Champion Author Boston

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Message Posted: Jan 3, 2013 2:14:09 AM

More gas for us
btex49
Champion Author Austin

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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.
nstrdnvstr
Champion Author Twin Cities

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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!
wcp3rd
All-Star Author New Jersey

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Message Posted: Jan 3, 2013 2:04:44 AM

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

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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.
iFueler
Champion Author Durham

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Message Posted: Jan 3, 2013 1:54:48 AM

looks like tax incentives are still required
KrsnaDragon
Champion Author Montreal

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Message Posted: Jan 3, 2013 1:48:33 AM

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

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Message Posted: Jan 3, 2013 1:47:40 AM

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

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Message Posted: Jan 3, 2013 1:47:29 AM

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

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Message Posted: Jan 3, 2013 1:43:37 AM

someone knows it's there.
TFowler513
Champion Author Memphis

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Message Posted: Jan 3, 2013 1:42:49 AM

Private industry should never be subsidized.
RENEGADEGAS
Champion Author Missouri

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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?
wally52
Champion Author Little Rock

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Message Posted: Jan 3, 2013 1:39:48 AM

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

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Message Posted: Jan 3, 2013 1:38:07 AM

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

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Message Posted: Jan 3, 2013 1:35:10 AM

Windbuddy.com?
cutter1330
Champion Author Oklahoma

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Message Posted: Jan 3, 2013 1:28:51 AM

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

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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.
camel1
Champion Author Minnesota

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Message Posted: Jan 3, 2013 1:25:35 AM

not great
PetroScopper
Champion Author Houston

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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.
Zonk
Champion Author Michigan

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Message Posted: Jan 3, 2013 1:21:57 AM

A waste of collected tax monies.
CPGas1815
Champion Author Michigan

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Message Posted: Jan 3, 2013 1:21:49 AM

It seem as as if it is windy day today'
LKnight598
Champion Author South Carolina

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Message Posted: Jan 3, 2013 1:21:45 AM

I don't really thing this method of energy generation would be very successful without the intervention of Government. The market should make it or break it and not the government.
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