Wind tax credit could affect local turbine project
While the expiration of the PTC might affect some projects on the fringe of profitability, Linowes argued the majority would be able to be built by lowering other costs and possibly raising the price of the energy produced.
"I think the wind industry so far has not made a strong enough case for the PTC to be extended for one year, for six years, for any number of years," Linowes said.
December 31, 2012
by Matt Sanctis
in Springfield News-Sun
Supporters, opponents debate merits of national energy tax incentive.
URBANA - Many residents throughout the country are waiting to see whether the U.S. economy reaches the "fiscal cliff" at the start of the New Year, but in Champaign County, some residents have another concern.
The federal wind Production Tax Credit, or PTC, is scheduled to expire today, and could have a significant impact on two phases of the Buckeye Wind Project in Champaign County.
If the PTC is allowed to expire, as many as 37,000 jobs in the wind industry could be at risk, said Peter Kelly, a spokesman for the American Wind... [continue via Web link]