[ exact phrase in "" • results by date ]

[ Google-powered • results by relevance ]


News Home

Subscribe to RSS feed

Add NWW headlines to your site (click here)

Sign up for daily updates

Keep Wind Watch online and independent!

Donate $10

Donate $5

Selected Documents

All Documents

Research Links


Press Releases


Publications & Products

Photos & Graphics


Allied Groups

Congress’ tax bill would cause mad scramble for new wind energy projects  

Credit:  By John Siciliano | Washington Examiner | 12/16/15 | www.washingtonexaminer.com ~~

A new tax extenders bill released early Wednesday morning is bound to create a frenzy among wind energy firms to get steel in the ground and begin new construction before the end of 2016.

The wind production tax credit under the tax extenders bill expires but with some important catches that allow wind turbines to receive the subsidy even if they aren’t up and running by the end of next year.

The extenders bill emerged as part of negotiations between Republican and Democratic leaders on a must-pass bill to fund the government. Lawmakers late Tuesday night had said the wind credits were extended to five years, but the extenders bill released by the Senate Finance and House Ways and Means committees shows the deal to be a one-year extension with the construction clause allowing benefits to last well beyond 2016.

“The provision extends the production tax credit for certain renewable sources of electricity to facilities for which construction has commenced by the end of 2016,” a committee summary reads.

The so-called “commence construction” clause has become a familiar method of extending the wind credit in recent years. While it does only extend it for a year, it allows wind companies to be eligible to receive the credit even though a wind turbine may not be fully constructed. Some advocates say in many ways the clause is just as good as a multi-year credit extension.

The tax credit bill also includes scores of other energy subsidies for electric and hydrogen cars, and for energy-efficient homes. It also permanently extends a research and development tax credit and provides subsidies for coal produced on Indian lands.

Green fuels also get a tax credit through extension of expired subsidies for biodiesel and other advanced biofuels.

Source:  By John Siciliano | Washington Examiner | 12/16/15 | www.washingtonexaminer.com

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 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


News Watch Home

Get the Facts Follow Wind Watch on Twitter

Wind Watch on Facebook


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