Posts Tagged ‘Credit’

Congress restored an investment tax credit for small wind and other alternative energy sources

But Mike Bergey, president and CEO of Norman-based Bergey Windpower, is hopeful that will change, thanks in part to Congress' restoration of an investment tax credit for such systems. Bergey said sales of his company's 10 kilowatt turbine peaked in 2012 at about $8 million, when it built and sold about 300 of them for […]

Wind Power Credit$

Enrolling in PCE, especially their 100% renewable energy option is the single easiest step a person can take to support energy innovation and reduce emissions. If you haven't already, sign up here . View full post on Wind Power News

House tax bill trims wind tax credit; extends nuclear provision

Tax credits cherished by the wind and solar industry remain under a rewrite of the tax code revealed by House Republicans, but the measure would trim the wind energy's production tax credit by more than a third. The bill, unveiled by House GOP leaders Thursday, also extends an estimated $6 billion tax credit for the […]

Oklahoma Senate Panel Approves Rolling Back Wind Tax Credit

Legislation that rolls back a state tax credit for the wind energy industry has been approved by an Oklahoma Senate panel. The Senate Committee on Appropriations on Wednesday voted 34-6 for the House-passed measure and sent it to the full Senate for consideration. View full post on Wind Power News

U.S. Tax Credit Powers Wind-Farm Upgrades

Wind-power producers are rushing to take advantage of a green energy tax credit extended by Congress-and, in a new twist, many are using it to renovate existing wind farms, not just build new ones. The Production Tax Credit, which was renewed by lawmakers last December, allows qualifying wind farms to reap tax benefits based on […]

Solar Companies Surge as U.S. Tax Credit Brings Early Holiday

In a deal announced late Tuesday, Congress approved an additional five years for the investment tax credit, which is scheduled to end at the end of 2016. It also provided a five- year retroactive extension of the production tax credit, which benefits wind-power developers and expired at the end of 2014. View full post on […]

Credit Suisse Fund Wary of Norway Risk Amid $4.4 Billion Spat

A Credit Suisse Group AG-managed fund that is looking to invest in Norwegian wind farms said a recent $4.4 billion conflict over sudden changes to gas pipe regulations had made the Nordic country a riskier place to do business. Credit Suisse Energy Infrastructure Partners AG will keep an eye on the outcome of a lawsuit […]

Proponents of Wind Energy Tax Credit Overstate Their Case

In an op-ed published today in The Hill, Mike Garland and Susan Reilly of the American Wind Energy Association advocated for the long-term continuation of the Production Tax Credit for renewable energy. Since the Energy Policy Act of 1992 , the PTC has played a significant role in the federal system of energy subsidies, and […]

Oklahoma House Agrees To Eliminate Wind Energy Tax Credit

Oklahoma’s wind energy industry could no longer claim a five-year exemption from ad valorem taxes under legislation advanced by the Oklahoma House. The measure prohibits wind electricity manufacturers from claiming a state tax exemption for equipment placed in commercial operation after 2016. View full post on Wind Power News

Colorado Sens. Gardner, Bennet split on wind energy credit

Colorado’s U.S. Senate delegation was split on an amendment in the Keystone XL pipeline bill to extend the wind production tax credit five years. The amendment, introduced by Sen. Heidi Heitkamp, D-N.D., as part of the Keystone XL Pipeline Act, failed in a 51-47 vote Wednesday, with two members of the Senate not voting on […]