30 Apr '13, 2am

In Focus: Current Alternative Energy Tax Breaks: » Production Tax Credits The tax c...

In Focus: Current Alternative Energy Tax Breaks: » Production Tax Credits The tax c...

Solar Decathlon Readies for Road Trip 75% of New Energy Investments Are Renewable Production Tax Credits The tax credits for producers of renewable energy, such as from wind energy, solar power, fuel cells, geothermal systems, and combined heat and power systems, were extended through the year 2013. Wind farms receive the largest tax credit – 2.2 cents per kilowatt-hour. Other producers receive a tax credit of 1.1 cents per kilowatt-hour. These producers can now qualify for the production tax credit if construction of the facility begins in 2013. Previously, the facility had to be in-service and producing energy by the end of the calendar year when the credit was in effect. Wind energy producers can now choose an investment credit instead of the production tax credit. This investment tax credit is 30% of the total facility cost. It is available once the wind farm starts pr...

Full article: http://www.solarfeeds.com/in-focus-current-alternative-en...

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