MidAmerican Energy Holdings Company 2011 / Scott Sinklier RISING MARKET The production tax credit, set to expire in 2012, is spurring wind-farm construction. The expiration of the federal production tax credit for renewable energy, scheduled to take effect at the end of 2012, is spurring a boomlet in the construction of wind farms.The federal production tax credit (PTC), an important economic incentive for developers of renewable-energy facilities, provides wind-farm owners with a 2.2¢/kWh tax credit for wind power generated during the first 10 years of a facility's operation. However, the legislation under which the PTC was most recently extended—the American
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.