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Nevada missing tax credits for renewable energy, advocates say

Advocates of renewable energy say federal tax credits for solar and wind power projects will expire next year before Nevada projects can be approved and operating.

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.


Source: http://www.krnv.com/global/...

APR 17 2006
http://www.windaction.org/posts/2202-nevada-missing-tax-credits-for-renewable-energy-advocates-say
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