Tag: production tax credit

Wind tax credit in Senate fiscal cliff legislation

Wind energy may emerge as one of the winners of the fiscal cliff tax negotiations, as compromise legislation passed by the Senate on Tuesday morning included a tax credit for renewable energy, according to the Associated Press.  More »

Layoffs buffet wind power industry

Word of staff cuts and factory closings at wind turbine companies from Dallas to North Dakota this month, as a federal tax credit heads toward expiration.  More »

Tax credit needs to keep jobs, wind power execs say

he production tax credit, the primary cost-saving policy for the industry, expires at the end of the year and the executives said their companies are already feeling the effects.  More »

No big energy provisions in payroll tax bill

The payroll tax cut bill that Congress approved today contained no big energy-related provisions, after speculation each side was seeking to include them in a compromise.  More »

Wind boosters: 37K jobs on line if tax credit expires

As many as 37,000 jobs tied to the U.S. wind industry could be lost if Congress doesn’t renew a renewable energy tax credit before it expires next year, according to a report issued today.  More »

Three lawmakers want renewable credits extended through 2016

Three lawmakers have introduced a bill to extend a set of tax credits for renewable energy production through 2016, amid the looming December 2012 expiration of the credit for wind. But Rep. Mike Pompeo, R-Kan., is fronting a bill to eliminate all energy tax credits, for both conventional and alternative sources.  More »