Saturday, December 15, 2012

Gone With The Wind

I think they're worried:
The wind energy industry is asking Congress to extend a tax break for six years, a time frame it said is long enough to cut costs and short enough to ease fears that the credit will become a permanent part of the tax code.

The American Wind Energy Association offered the proposal Wednesday in a letter to Senate Finance Committee Chairman Max Baucus, D-Mont., and other members on the tax-writing panel.

Wind energy companies have urged Congress for months to extend the so-called production tax credit, which is set to expire this month. The break shaves as much as a third of the costs to generate wind power, and industry advocates contend its loss could cost thousands of jobs. Under the proposal, the credit's value would fall gradually over the six years.

The credit's "continued availability for a reasonable period of time will allow the industry to invest in the cost- saving technologies required to finish the job," the Washington, D.C.-based trade group said in the letter.
As with the solar industry, it seems they should have thought about that beforehand...

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