August 31, 2011

Renewables Industry Scramble for Tax Breaks

Margaret Ryan, AOL


As Congress returns to Washington to battle over the fiscal 2012 budget, the wind and solar lobbies are scrambling to preserve the tax breaks their industries depend on--just not the same breaks. Solar advocates say a special provision to allow conversion of investment tax credits (ITC) into cash grants, enacted in the 2009 stimulus, must be extended or solar investment will be halved. While the ITC continues through 2016, the conversion option expires at the end of 2011. . .

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TAGGED: wind energy, Solar energy, renewable energy industry, energy subsidies, AOL


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