Incentives for Wind Energy Development in the United States -- 2008
EnergyPulse
October 1, 2008
Constance "Connie" Barnhart- Ft Lauderdale
The attached article describes current opportunities for wind energy development in the United States and the federal and state governmental incentives which help to create them.
Update October 6, 2008: Since the attached article was written, the federal Renewable Electricity Production Tax Credit (PTC) for wind energy (Section 45 of the Internal Revenue Code of 1986, as amended), has been extended by law for one year to midnight of December 31, 2009. As described in the attached article, the PTC was previously set to expire on December 31, 2008.
The Emergency Economic Stabilization Act passed by Congress and signed into law by the President on October 3, 2008, contains within it Division B, entitled the "Energy Improvement and Extension Act of 2008." Title 1(A), Section 101 of this new Energy Improvement and Extension Act of 2008 extends the PTC for wind and for refined coal facilities for one year, making it applicable to such facilities placed in service before January 1, 2010.
READ: Incentives for Wind Energy Development in the United States -- 2008