Fiscal cliff deal extends wind production tax credit one year

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The fiscal cliff deal passed first by the Senate, now by the House and headed to the President includes extension of the wind energy production tax credit for one year.

Cliff barIn September a group of Representatives sent a letter to speaker Boehner in which they calculated that a one year extension of the wind PTC would end up costing “American taxpayers over $12 billion,”

CFACT recently pointed out that all that was needed to end the PTC was for Congress to do nothing and wondered, “is this too much to ask?”  Apparently so.

Head to CFACT’s wind energy center for extensive details.

America needs sound energy production and sound budget policy in 2013.  Extending the production tax credit for wind energy on day one calls Congress’s ability to manage either into question.

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About the Author: CFACT Ed