Renewable Energy Groups Applaud Senate Finance Committee Vote to Enhance Production Tax Credits: Modification of...

Renewable Energy Groups Applaud Senate Finance Committee Vote to Enhance Production Tax Credits

Renewable Energy Groups Applaud Senate Finance Committee Vote to Enhance Production Tax Credits: Modification of...

Washington, DC – August 3, 2012 – Leaders of four renewable energy trade associations today commended a last-minute vote by the Senate Finance Committee yesterday afternoon to extend and enhance production tax credits (PTCs) for all renewable energy sources. The tax credits are essential for the development of clean energy-generating facilities by offsetting the high cost of construction. Yesterday's action by the Committee will give renewable baseload technologies equitable access to this important program by allowing eligible facilities to qualify for the tax credits when construction is commenced. "We are highly encouraged that the Senate Finance Committee passed this tax credit extension, and we urge the full Senate and the House to approve the credit before the end of the 112th Congress," said Bob Cleaves, President and CEO of Biomass Power Association. "The construct...

Full article: http://www.AltEnergyMag.com/news/2012/08/03/renewable-ene...

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Renewable Energy Groups Applaud Senate Finance Committee Vote to Enhance Production Tax Credits: Modification of... [link]