What Happens When the Incentives Expire?
Wind projects, along with other renewable energy technologies, have benefitted in a variety of ways from federal incentive programs. The Section 1603 cash grant program, the Department of Energy Section 1705 Loan Guarantee program and the Bonus Depreciation schedule are among the federal programs that are scheduled to expire by the end of 2012. The Production Tax Credit (PTC) and Investment Tax Credit (ITC) are also scheduled to expire for wind projects at the end of 2012. In today’s budget-cutting environment, it’s possible that none of these incentives will be renewed.
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What Happens When the Incentives Expire?
What Happens When the Incentives Expire?
Wind projects, along with other renewable energy technologies, have benefitted in a variety of ways from federal incentive programs. The Section 1603 cash grant program, the Department of Energy Section 1705 Loan Guarantee program and the Bonus Depreciation schedule are among the federal programs that are scheduled to expire by the end of 2012. The Production Tax Credit (PTC) and Investment Tax Credit (ITC) are also scheduled to expire for wind projects at the end of 2012. In today’s budget-cutting environment, it’s possible that none of these incentives will be renewed.
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What Happens When the Incentives Expire?
U.S. Department of Interior approves Cape Wind’s Construction and Operation Plan
U.S. Secretary Ken Salazar today announced approval of the first-ever Construction and Operation Plan (COP) for a U.S. offshore wind energy project, granting Cape Wind Associates the official go-ahead to begin construction on the over-100-turbine project across 25 square miles of Nantucket Sound. When complete, the project will produce enough electricity to supply hundreds of thousands of American homes.
More here: U.S. Department of Interior approves Cape Wind’s Construction and Operation Plan