tax credit

Wind energy tax-credit extension part of 'cliff' deal

The fiscal cliff deal passed Tuesday included an one-year extension of a tax credit for the wind industry. The tax credit has encouraged investment in wind energy for the past two decades. USA Today reports:

[The tax credit extension] would allow any project that begins construction in 2013 to claim the credit, even if it goes online in 2014, according to industry insiders. The tax credit that expired Monday could be claimed only for projects that were up and running in 2012.

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