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Meet renewable energy’s new ally

Samantha 2012/06/06 17:53:49
The renewable energy Production Tax Credit (PTC) is an incentive provided to energy producers equal to 2.2 cents per kilowatt-hour, adjusted annually for inflation. If you generate electricity using a renewable system — geothermal, wind, solar, etc. — you’re eligible.

For now, anyway. The credit is expiring for most forms of energy creation at the end of 2013. For wind, it’s up at the end of 2012.

Which has wind energy producers understandably nervous. But don’t worry, wind energy producers! Karl Rove has your back!

“We’ve got a growing economy that’s increasing energy consumption and wind energy should be part of the solution,” Rove said today on a panel at a wind conference in Atlanta. Extending the so-called production tax credit “should be a priority.”

Read More: http://grist.org/news/meet-renewable-energys-new-a...

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2014/11/24 03:05:35

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