24 Jun '11, 8pm

Legislation introduced provides hydropower production tax credit parity

Currently hydropower and marine and hydrokinetic technologies receive only one-half the amount of the credit available to other renewable resources. The bill would equalize the PTC at the higher rate for all qualifying technologies. “Not all alternative energy technologies are treated equally under current tax law, and it’s hurting American consumers,” said Rep. Thompson. “If our country is going to be a leader in the emerging green economy, alternative energy technologies need to receive comparable tax credits for the energy they produce. That way, energy producers will have the necessary incentives to bring the best renewable energy technologies to the marketplace.” Further development of America’s hydropower resources is essential to the country’s clean energy goals and economic recovery. Recent studies have found that hydropower’s contribution to the energy mix could b...

Full article: http://www.renewableenergyworld.com/rea/partner/national-...

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