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Monday, October 6, 2014

Wind Power Companies Might Take Advantage Of IRS Subsidies

On New Years Eve 2012, when most people were gearing up for parties and celebrations, Congress was busy at work trying to prevent the government from falling off the so-called "fiscal cliff."
One of the issues that was addressed at the 11th hour was subsidies for the wind power industry. Lawmakers inserted a provision to again fund production tax credits, or PTC, to the end of 2013. This year, however, in the absence of a law, the executive branch is keeping the subsidies flowing using the IRS as the conduit.

Read more: http://www.benzinga.com/trading-ideas/long-ideas/14/10/4893501/these-3-wind-power-companies-might-take-advantage-of-irs-subs#ixzz3FQIidMMW

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