[ exact phrase in "" • results by date ]

[ Google-powered • results by relevance ]


Add NWW headlines to your site (click here)

Get weekly updates

Keep Wind Watch online and independent!

Donate $10

Donate $5

Selected Documents

All Documents

Research Links


Press Releases


Campaign Material

Photos & Graphics


Allied Groups

News Watch Home

Obama presses Congress to extend energy tax incentives 

Credit:  By Ben Geman, E2 Wire, The Hill, thehill.com 8 May 2012 ~~

President Obama is urging Congress to extend tax breaks for wind power projects that are slated to expire at year’s end and expand stimulus-law tax incentives for manufacturing green energy components.

The energy credits are among a wider jobs “to do” list – which even comes with its own logo – that Obama will call on Congress to act upon at an appearance in upstate New York later Tuesday.

“Congress needs to help put America in control of its energy future by passing legislation that will extend the Production Tax Credit to support American jobs and manufacturing alongside an expansion of the 30 percent tax credit to investments in clean energy manufacturing (48C Advanced Energy Manufacturing Tax Credit),” the White House said.

The wind industy is lobbying heavily for renewal of the Production Tax Credit, which is vital to helping finance new power projects. New wind installations have dropped off significantly when the credit has been allowed to lapse, which last occurred in 2004.

The American Wind Energy Association, a trade group, warned in April that with the expiration looming, “the supply chain is feeling the uncertainty, and layoffs have now begun.”

While wind power has bipartisan support – Midwest and Great Plains Republicans are particular fans – extension of the credit this year is uncertain amid election-season political battles over green energy and other factors.

Separately, the 2009 stimulus provided $2.3 billion worth of credits for manufacturing equipment such as solar panel components, “smart” electric meters, fuel cell components and wind turbines.

Applications for the 30 percent credit far outstripped the $2.3 billion cap, but several congressional efforts to add billions of dollars to the cap have sputtered.

Source:  By Ben Geman, E2 Wire, The Hill, thehill.com 8 May 2012

This article is the work of the source indicated. Any opinions expressed in it are not necessarily those of National Wind Watch.

The copyright of this article resides with the author or publisher indicated. As part of its noncommercial educational effort to present the environmental, social, scientific, and economic issues of large-scale wind power development to a global audience seeking such information, National Wind Watch endeavors to observe “fair use” as provided for in section 107 of U.S. Copyright Law and similar “fair dealing” provisions of the copyright laws of other nations. Send requests to excerpt, general inquiries, and comments via e-mail.

Wind Watch relies entirely
on User Funding
Donate $5 PayPal Donate


e-mail X FB LI TG TG Share

News Watch Home

Get the Facts
© National Wind Watch, Inc.
Use of copyrighted material adheres to Fair Use.
"Wind Watch" is a registered trademark.


Wind Watch on X Wind Watch on Facebook

Wind Watch on Linked In Wind Watch on Mastodon