Production Tax Credit Extension Boosts Wind Sector
The wind power industry won a big victory in the "fiscal cliff" bill early this month: a one-year, $12-billion extension of the production tax credit. As important as the extension itself was a change in the extension’s language that allows projects that begin construction before the end of the year to collect the 2.2-cent-per-kilowatt credit for 10 years, which means incentivized wind-turbine construction will continue into 2015.