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"Fiscal Cliff" Deal Extends Wind Energy Tax Credits

Posted on: January 2, 2013

The deal struck on January 1 by Congress to avert the so-called “fiscal cliff” includes the long-sought extension of the wind energy Production Tax Credit (PTC) and the Investment Tax Credits for community and offshore projects, according to a press release from the American Wind Energy Association (AWEA). The deal would cover all wind projects that start construction in 2013. Companies that manufacture and install wind turbines sought that definition to allow for the 18 to 24 months it takes to develop a new wind farm, according to the AWEA. Read the full press release at http://awea.org/newsroom/pressreleases/congressextendswindptc.cfm

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