Wind Energy Production Tax Credit To Die Quietly December 31

by Chris Clarke
REWIRE
This time last year, the big renewable energy issue was the Federal Wind Power Production Tax Credit (PTC), which was set to expire at the end of 2012. The subsidy, which provides owners of wind turbines with 2.2 cents in tex credits for every kilowatt-hour the turbines produce, was called critical to the survival of the American wind industry. Wind advocates said that letting the PTC expire could kill the wind industry in the U.S., taking thousands of jobs and non-carbon electrical power with it. Continue...