Wind farms rushing to beat the clock
The wind industry is rushing to make sure new projects have begun by the end of the year, in order to take advantage of an expiring tax credit.
According to The New York Times, the expiring wind energy tax credit is prompting developers to call for new equipment, sign deals and break ground to beat the clock.
Unlike in previous years, projects need only to have begun by the start of the new year in order to qualify for the federal credit.
The wind tax credit has expired before, only to be revived in Congress, and the wind industry is pushing for a permanent fix to be included in any tax overhaul legislation.
Read more from the Times story here.
Copyright 2024 Nexstar Media Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed..
