Nevada missing tax credits for renewable energy, advocates say

But the president of Nevada Power Company says he thinks the company can beat the deadline for qualifying for the tax credits.

A federal law offers wind farms a nearly two cent tax credit for each kilowatt-hour of electricity generated.

Businesses and homeowners can claim a 30 percent tax credit for solar power facilities in operation by the end of 2007.

But state Senator Dina Titus says Nevada's two main electric utilities are dragging their feet.

Nevada Power and Sierra Pacific Power have said they hope to present contracts with renewable power plant developers to the state Public Utilities Commission in May or June.

But the president of Nevada Power Company says he thinks the company can beat the deadline for qualifying for the tax credits.

A federal law offers wind farms a nearly two cent tax credit for each kilowatt-hour of electricity generated.

Businesses and homeowners can claim a 30 percent tax credit for solar power facilities in operation by the end of 2007.

But state Senator Dina Titus says Nevada's two main electric utilities are dragging their feet.

Nevada Power and Sierra Pacific Power have said they hope to present contracts with renewable power plant developers to the state Public Utilities Commission in May or June.