Wind-power owners, developers and suppliers are preparing to soar under a new round of federal incentives. The news had 23,200 visitors—78% more than last year—blowing into the world’s largest conference on wind-generated electricity. On tap was February’s passage of the American Recovery and Reinvestment Act, which boosts production tax credits (PTCs) to reduce owners’ tax burden for the first 10 years of operation. Wind PTCs are extended two years, through Dec. 31, 2012. Developers also can claim an alternate investment tax credit (ITC) or Treasury Dept. grant to recoup 30% in the first year. Photo: Sarah Klose / ENR John
The market is generally healthy and steadily growing, and margins are up for large specialty contractors. Further, advances in design tools and owner demand for collaboration are giving subcontractors a seat at the table early on in projects.