Monday, March 12, 2012

Clean Energy Tax Credit Vote Expected

The fate of an amendment that would extend the wind production tax credit and a host of other clean energy tax incentives remains unknown. In addition to extending the 2.2-cent-per-kilowatt wind production tax credit, which expires at the end of 2012, the amendment to the pending surface transportation bill (S. 1813) offered by Sen. Stabenow would extend 17 other incentives. They include several that are among the renewable energy industry's top priorities, such as the Section 1603 Treasury Department grant in lieu of tax credits program and the 48C advanced energy manufacturing tax credit, which reached its cap of $2.3 billion in 2010.

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