02 Jan '13, 11am

Geothermal Industry Happy With Last-Minute Congressional Action

After months and months of delay (what’s new with Congress these days), important clean energy decisions were finally made by our Congressional representatives just before midnight. The most notable was probably the extension of the wind power production tax credit (PTC) — an article on that is coming in a few moments. However, there’s also some important news regarding the geothermal industry. Here’s a full statement from the Geothermal Energy Association (GEA) on that : The Geothermal Energy Association applauds Congress for adopting today, as part of bi-partisan tax legislation, important changes in the underlying terms of the federal tax incentives for new geothermal and other renewable power projects. The modification adopted, which allows projects to qualify for the production tax credit based upon being under construction, represents an approach to renewable tax inc...

Full article: http://cleantechnica.com/2013/01/02/geothermal-industry-h...

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