Manufacturing Industry
SENATE CONSIDERS TAX CREDITS FOR WIND TURBINES.
Advanced Materials & Composites News, January, 2002
The U.S. Senate is considering legislation to extend the wind energy tax credit for an additional five years, but it did not pass before the Congressional recess for the holidays. Republican Montana Senator Conrad Burns says the current credit, which expires next year, "serves as an incentive to companies that are thinking of investing their resources" into utility-scale wind generation facilities.
Montana has enough wind energy potential to produce one billion megawatt hours of electricity, "or 7,525 percent of the state's entire electricity consumption," says Burns. Meanwhile, Sen. Dick Durbin (D-Ill.) has introduced legislation that would give a 30 percent federal tax credit to homeowners, farmers and businesses that choose to install small wind energy...
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