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Credits to Spur Renewable Energy Sources Seen Set to End: Taxes http://apocadocs.com/s.pl?1380550323
Tax credits for the production of wind power and other renewable energy sources face expiration at year's end amid few signs Congress will decide to continue them, tax lobbyists and other analysts say.
Failure to extend the 16 tax credits could stymie the development of wind power and the other renewables by undercutting incentives to invest in them, Bloomberg BNA reported... In addition to the 2.3 cent-per-kilowatt-hour tax credit for wind, geothermal and closed-loop biomass, other expiring energy incentives include a $1 per-gallon credit for biodiesel producers, a $1.01 per gallon credit for cellulosic ethanol and multiple credits for energy-efficient homes and appliances.
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[Read more stories about:
anthropogenic change, capitalist greed, climate impacts, carbon emissions, governmental idiocy, global warming, health impacts]
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'Doc Jim says:
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Dear God, please protect the tens of billions gifted to the fossil fuel industry each year...
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