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Wind energy tax-credit extension part of 'cliff' deal

USA Today -- A one-year extension of a key tax credit for the wind industry was included in the fiscal cliff deal Congress passed Tuesday.

The tax credit, which has been a major driver for wind development across the country in the past two decades, is worth 2.2 cents per kilowatt-hour of energy produced by new wind installations for their first 10 years of operation.

A White House news release confirmed that the tax-credit extension is included in the Senate package that the House also passed.

It would allow any project that begins construction in 2013 to claim the credit, even if it goes online in 2014, according to industry insiders. The tax credit that expired Monday could be claimed only for projects that were up and running in 2012.

"Just simply, 30% of the value of a project is derived from

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Submitted Jan 03, 2013 By: skb69sa

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dave27johnson Champion Author Chicago Posts:1,788 Points:409,345 Joined:Feb 2012	Message Posted: Jan 4, 2013 7:27:11 AM Ignore dave27johnson Report Abuse Good news.
remay Champion Author Houston Posts:6,968 Points:2,118,365 Joined:May 2006	Message Posted: Jan 4, 2013 6:20:27 AM Ignore remay Report Abuse news already posted...
ExplorerWA Champion Author Washington Posts:4,083 Points:798,125 Joined:Feb 2011	Message Posted: Jan 3, 2013 9:16:04 PM Ignore ExplorerWA Report Abuse Let stand on it's own.
humblepie Champion Author Toledo Posts:34,263 Points:2,372,345 Joined:Mar 2006	Message Posted: Jan 3, 2013 9:56:04 AM Ignore humblepie Report Abuse thats really too bad
boatcatawba Sophomore Author Cleveland Posts:206 Points:146,510 Joined:Dec 2012	Message Posted: Jan 3, 2013 8:18:24 AM Ignore boatcatawba Report Abuse pay more taxes, to fund their projects.
CivicMA Champion Author Boston Posts:1,902 Points:535,870 Joined:Jun 2011	Message Posted: Jan 3, 2013 8:14:20 AM Ignore CivicMA Report Abuse Pork barrel politics! Gov't subsidized programs that can't make it on their own.
ClarkSC Champion Author South Carolina Posts:3,083 Points:1,012,380 Joined:May 2010	Message Posted: Jan 3, 2013 8:14:10 AM Ignore ClarkSC Report Abuse What a joke.
JimTee Champion Author Tampa Posts:2,357 Points:1,516,175 Joined:Apr 2006	Message Posted: Jan 3, 2013 7:48:50 AM Ignore JimTee Report Abuse This should not have happened. It should stand on its own merits and not be funded by people's taxes.
sabre75 Champion Author Florida Posts:1,663 Points:340,395 Joined:May 2012	Message Posted: Jan 3, 2013 7:48:37 AM Ignore sabre75 Report Abuse Don't agree at all with this.
Peachy1 All-Star Author St. Louis Posts:780 Points:1,652,190 Joined:Aug 2005	Message Posted: Jan 3, 2013 7:42:13 AM Ignore Peachy1 Report Abuse Sounds like another bankruptcy down the road...not enough hot air coming through.
xgojim All-Star Author Michigan Posts:524 Points:452,520 Joined:Mar 2011	Message Posted: Jan 3, 2013 7:19:32 AM Ignore xgojim Report Abuse Why is it good to prop up an industry that otherwise wouldn't survive? Even with the tax credits, it costs more to generate electricity with wind turbines than other means. Another example of industrial Obamacare.
peabeax55 All-Star Author Atlanta Posts:713 Points:185,515 Joined:Mar 2012	Message Posted: Jan 3, 2013 6:54:19 AM Ignore peabeax55 Report Abuse Another presidential pardon for another turkey.
7SPEEDY7 Champion Author Flint Posts:1,296 Points:606,650 Joined:May 2011	Message Posted: Jan 3, 2013 6:47:40 AM Ignore 7SPEEDY7 Report Abuse pathetic government
JohnofGB Champion Author Flint Posts:5,426 Points:1,097,170 Joined:Feb 2010	Message Posted: Jan 3, 2013 6:30:07 AM Ignore JohnofGB Report Abuse Too bad they cannot harness the hot air coming out of Washington and put it to some good use.
daytonabiker All-Star Author Florida Posts:921 Points:202,795 Joined:Oct 2012	Message Posted: Jan 3, 2013 5:33:28 AM Ignore daytonabiker Report Abuse legislatively its illegal to have wind mills in Florida Florida Power and light lobbied Florida in early 1980's to prevent it
OHIO50 All-Star Author Denver Posts:876 Points:1,020,750 Joined:Mar 2010	Message Posted: Jan 3, 2013 5:14:56 AM Ignore OHIO50 Report Abuse This needs the support.
Nancy&Len Champion Author Cleveland Posts:2,058 Points:1,946,790 Joined:Sep 2004	Message Posted: Jan 3, 2013 4:55:15 AM Ignore Nancy&Len Report Abuse It fits in well with the money NASCAR and Hollywood got.
FluffyDogAttack Champion Author Riverside Posts:1,082 Points:96,920 Joined:Oct 2012	Message Posted: Jan 3, 2013 3:27:08 AM Ignore FluffyDogAttack Report Abuse It's the Fiscal Cliff Clavin - blowing more hot air.
Alaydown Champion Author Los Angeles Posts:5,121 Points:824,370 Joined:May 2007	Message Posted: Jan 3, 2013 3:21:38 AM Ignore Alaydown Report Abuse What a waste of taxpayer money!
UseLessGasFolks Champion Author Iowa Posts:5,451 Points:1,296,825 Joined:Jul 2007	Message Posted: Jan 3, 2013 2:39:42 AM Ignore UseLessGasFolks Report Abuse Ok but at some point it should stand on its own merits.
BEngr Champion Author Illinois Posts:6,717 Points:1,581,590 Joined:May 2008	Message Posted: Jan 3, 2013 2:30:22 AM Ignore BEngr Report Abuse That was plain sneaky.
Bruno44 Champion Author Texas Posts:7,080 Points:1,769,170 Joined:Sep 2007	Message Posted: Jan 3, 2013 2:27:45 AM Ignore Bruno44 Report Abuse Wonder what else they hid in the deal?
JimL1 Champion Author Phoenix Posts:8,217 Points:1,242,270 Joined:Jul 2003	Message Posted: Jan 3, 2013 2:20:01 AM Ignore JimL1 Report Abuse I cannot wait to help fire our corrupt legislators.
Robert44 Champion Author Columbus Posts:3,580 Points:1,220,915 Joined:Mar 2004	Message Posted: Jan 3, 2013 2:19:07 AM Ignore Robert44 Report Abuse More wasted taxpayer $ !!!!!
kd5kpd Champion Author Texas Posts:3,742 Points:1,417,700 Joined:Apr 2006	Message Posted: Jan 3, 2013 2:18:20 AM Ignore kd5kpd Report Abuse Not suprised that they have attached their "pork barrel projects" to the deal!!
RambleOn Champion Author New York Posts:2,375 Points:1,509,575 Joined:Aug 2008	Message Posted: Jan 3, 2013 2:18:17 AM Ignore RambleOn Report Abuse Well that's no surprise since they're so full of wind.
chevellefan Champion Author Georgia Posts:2,733 Points:593,545 Joined:Sep 2011	Message Posted: Jan 3, 2013 2:17:21 AM Ignore chevellefan Report Abuse go figure
Retowered Champion Author Colorado Posts:8,582 Points:2,686,390 Joined:May 2004	Message Posted: Jan 3, 2013 2:15:33 AM Ignore Retowered Report Abuse Government selling us down the road again.
SnickersDog Champion Author Denver Posts:3,288 Points:681,960 Joined:Feb 2011	Message Posted: Jan 3, 2013 2:14:53 AM Ignore SnickersDog Report Abuse Waste of money.
Matt G Champion Author Boston Posts:4,538 Points:2,774,015 Joined:Jun 2004	Message Posted: Jan 3, 2013 2:14:09 AM Ignore Matt G Report Abuse More gas for us
btex49 Champion Author Austin Posts:2,720 Points:531,080 Joined:Aug 2011	Message Posted: Jan 3, 2013 2:10:13 AM Ignore btex49 Report Abuse It is not surprising that wind energy would continue to be subsidized by this administration and congress.
nstrdnvstr Champion Author Twin Cities Posts:36,860 Points:3,985,930 Joined:May 2001	Message Posted: Jan 3, 2013 2:06:25 AM Ignore nstrdnvstr Report Abuse They've has 20 years of tax credits, and they can't compete yet??? THis subsidy needs to end!
wcp3rd All-Star Author New Jersey Posts:734 Points:361,625 Joined:Mar 2012	Message Posted: Jan 3, 2013 2:04:44 AM Ignore wcp3rd Report Abuse If green energy is so good why all the tax credits?
shari128 All-Star Author Iowa Posts:573 Points:860,740 Joined:Jun 2010	Message Posted: Jan 3, 2013 1:59:12 AM Ignore shari128 Report Abuse That's great if you are into wind energy, or own a home & are thinking about it. What is going to hurt the middle class & lower income wage earner is the payroll tax increase (taking less $$'s home), & keeping gas prices low to stimulate the ecomony and increasing the job market.
iFueler Champion Author Durham Posts:64,423 Points:179,500 Joined:Nov 2012	Message Posted: Jan 3, 2013 1:54:48 AM Ignore iFueler Report Abuse looks like tax incentives are still required
KrsnaDragon Champion Author Montreal Posts:2,412 Points:532,275 Joined:Nov 2011	Message Posted: Jan 3, 2013 1:48:33 AM Ignore KrsnaDragon Report Abuse Is this the result of over-subsidization in alternative energy technologies..?
billy44bo Champion Author Mobile Posts:7,212 Points:1,491,845 Joined:Feb 2008	Message Posted: Jan 3, 2013 1:47:40 AM Ignore billy44bo Report Abuse Wish that they would have let that one go.
bobdec Champion Author Miami Posts:8,969 Points:1,770,795 Joined:May 2008	Message Posted: Jan 3, 2013 1:47:29 AM Ignore bobdec Report Abuse Gov selling us down the road again
Ahking Champion Author Orange County Posts:3,507 Points:603,450 Joined:May 2011	Message Posted: Jan 3, 2013 1:43:37 AM Ignore Ahking Report Abuse someone knows it's there.
TFowler513 Champion Author Memphis Posts:3,824 Points:1,414,860 Joined:Mar 2008	Message Posted: Jan 3, 2013 1:42:49 AM Ignore TFowler513 Report Abuse Private industry should never be subsidized.
RENEGADEGAS Champion Author Missouri Posts:14,918 Points:1,592,200 Joined:Jul 2008	Message Posted: Jan 3, 2013 1:41:10 AM Ignore RENEGADEGAS Report Abuse If this is such a great idea, why does the government have to subsidize it? Private investors should be beating down the door to participate in such a noble cause. Its because they fail, breakdown, dont generate enough power to help in most situations and destroy the beauty of the land. Eye pollution and dead birds! Wheres the greenie weenies on this one?
wally52 Champion Author Little Rock Posts:27,470 Points:815,485 Joined:Jan 2011	Message Posted: Jan 3, 2013 1:39:48 AM Ignore wally52 Report Abuse I see we're getting the shaft again.
granitestater Champion Author New Hampshire Posts:8,829 Points:1,431,725 Joined:Oct 2008	Message Posted: Jan 3, 2013 1:38:07 AM Ignore granitestater Report Abuse What happens after the ten-year tax credit expires? See here...
GAS1251 Champion Author Texas Posts:5,153 Points:1,627,205 Joined:Jun 2008	Message Posted: Jan 3, 2013 1:35:10 AM Ignore GAS1251 Report Abuse Windbuddy.com?
cutter1330 Champion Author Oklahoma Posts:8,040 Points:1,695,090 Joined:Jul 2005	Message Posted: Jan 3, 2013 1:28:51 AM Ignore cutter1330 Report Abuse When you're full of hot air....wind is about right.
ClassicWheeler All-Star Author Montgomery Posts:660 Points:309,850 Joined:Apr 2012	Message Posted: Jan 3, 2013 1:27:39 AM Ignore ClassicWheeler Report Abuse I guess every penny counts. The problem is we are spending dollars to save pennies. Doesn't make sense to me.
camel1 Champion Author Minnesota Posts:8,270 Points:2,266,615 Joined:Jul 2006	Message Posted: Jan 3, 2013 1:25:35 AM Ignore camel1 Report Abuse not great
PetroScopper Champion Author Houston Posts:6,627 Points:1,550,950 Joined:Aug 2008	Message Posted: Jan 3, 2013 1:22:12 AM Ignore PetroScopper Report Abuse I look at that tax-credit as positive incentive to develop a wind project. It can potentially help us move a little quicker toward energy independence.
Zonk Champion Author Michigan Posts:6,486 Points:2,103,740 Joined:Oct 2005	Message Posted: Jan 3, 2013 1:21:57 AM Ignore Zonk Report Abuse A waste of collected tax monies.
CPGas1815 Champion Author Michigan Posts:6,027 Points:1,099,605 Joined:Apr 2008	Message Posted: Jan 3, 2013 1:21:49 AM Ignore CPGas1815 Report Abuse It seem as as if it is windy day today'