Wednesday, February 27, 2008

Congress to Vote on Energy Tax Plan TODAY

The U.S. House of Representative is voting today on an energy tax plan that includes an extension of the production tax credit (PTC) for wind power. Go here ask your representative to support it!

The PTC is set to expire at the end of this year and it directly effects the health of the wind power industry. The PTC is not permanent and must continuously be renewed - that's not good business for wind power folks, though. Wind projects tend to stall several months ahead of the PTC expiration date; an uncertain regulatory climate causes nervousness in developers.

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