02 Mar '16, 11pm

Extended incentives mean more renewables deployment, emissions cuts

Extended incentives mean more renewables deployment, emissions cuts

The U.S. Department of Energy’s National Renewable Energy Laboratory (NREL) has released new analysis exploring the potential impact of recently extended federal tax credits on the deployment of renewable generation technologies and related U.S. electric sector carbon dioxide (CO2) emissions. The report says federal tax credits for renewable energy, particularly the wind production tax credit (PTC) and the solar investment tax credit (ITC), have offered financial incentives for renewable energy deployment over the last two decades in the U.S. In December 2015, the PTC and ITC were extended by five years from their prior scheduled expiration dates, but they ramp down in value during the latter years of the five-year period. The report examines the impacts of the tax credit extensions under two distinct natural gas price futures, as the price of natural gas has been a key fa...

Full article: http://nawindpower.com/nrel-extended-tax-credits-mean-mor...

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