Expect lawmakers to continue pressing for the extension of a wind energy tax incentive this week as President Obama and Speaker John Boehner (R-Ohio) continue bargaining a deficit deal.
The 2.2-cent per kilowatt-hour credit for wind power production is slated to expire on Dec. 31. Supporters of the incentive hope it will be included in legislation to avoid the “fiscal cliff” at year’s end, but there are no guarantees that an agreement will be reached.
Lawmakers who back the credit cite a wind industry-commissioned study that says ending it would eliminate 37,000 jobs. They say the uncertainty surrounding the incentive already has scared off installations for next year.