Wind Production Tax Credit Not Renewed for 2014

Wind Production Tax Credit Not Renewed for 2014

The federal wind production tax credit had spurred the growth of more than 12,000 megawatts of new wind power in 2012.  However, the lack of the tax credit in 2014 has stalled the industry.  This year, a coalition of Republicans and conservative Democrats, many backed by the fossil fuel industry, prevented the renewal of the wind energy tax credit.  The wind industry counters that the cost of wind energy production is all up front.  To build and install a wind turbine can be as much as $4 million each, and also requires transmission lines, utility poles, and transformers to bring the power to market, but once the investment is made, there are no more costs associated with getting the wind to market.  To read more, see http://www.usnews.com/news/articles/2014/07/17/dead-air-end-to-tax-credits-takes-big-bite-out-of-wind-power.

 

Receive Updates on this Project

In an effort to keep property owners informed of redevelopment and transportation projects in Missouri, we have developed a list of projects to track information. Simply select the project from the appropriate Project Area to find information and subscribe to future updates. If a project is not listed, contact us.

June 23, 2014 / Uncategorized

Share the Post

About the Author

Denlow & Henry is the only Missouri law firm practicing solely in eminent domain law. More importantly, we only represent property owners.

Our firm has offered these services for more than 35 years. We have diligently protected the constitutional property rights of our clients and strived to obtain full compensation for the taking of their property.

Comments

No comment yet.

Leave a Reply

Cart

  • No products in the cart.