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Wind Industry Floats Tax Phaseout Plan

Dec 13, 2012
(The Hill)

The wind industry is trying to break a Capitol Hill logjam by backing a phaseout of taxpayer support as it seeks to prevent an immediate cut-off of tax credits.

The American Wind Energy Association (AWEA) proposed Wednesday extending the 2.2-cent per kilowatt-hour credit for wind power production by one year, then phasing it out through the next five.

Fiscal conservatives on and off Capitol Hill have targeted the incentive this year, saying ending it would help reduce the deficit.

But the industry and its congressional allies say that ending the incentive now would be too abrupt and thwart wind power expansion.