By Lisa Hymas
Grist
If you’d like to discuss energy issues, contact Court Rich, Co-Chair of Rose Law Group’s Renewable Energy Department at crich@roselawgroup.com
It appears that a deal in the works to avert the so-called fiscal cliff would extend a critical tax credit for the wind-power industry for one year.
“The potential agreement that’s being talked about … would extend tax credits for clean-energy companies that are creating jobs and reducing our dependence on foreign oil,” President Obama said at a press conference today.
The production tax credit (PTC) for the wind industry expires today. With its status up in the air, wind companies across the country have been laying off workers and putting projects on hold. If the PTC isn’t renewed, 37,000 jobs could be lost, according to the American Wind Energy Association.
