A tax credit that is two decades old has helped to propel the building of wind energy projects in the United States. However, these tax credits just expired and Congress is deciding whether or not to renew them. Because of this, projects that are in the works may not go forward. Some companies are concerned that they will not be able to recover expenses without the tax credits.
While there are many in the wind industry who expect that the credits will be renewed this year, that does mean that companies are not going to slow down their projects just in case there is a problem with the credits.
If wind energy producers are not offered these credits in the future, wind energy production could stall completely. This leaves the whole industry dependent on a tax credit that Congress should be able to easily extend again.
Posted in Energy News and tagged tax credits, wind energy by admin with .