Extension of wind energy tax credit brings relief to wind energy employees and project developers in Ohio
Congress extended the tax credit for wind energy projects for one year as part of the fiscal cliff deal, leaving in place the 2.2-cent tax credit granted to wind turbines for “each kilowatt-hour they generate in their first 10 years” with an option for companies to instead accept “a lump-sum payment equal to 30 percent of the construction cost,” Dayton Daily News reports. The news was welcomed by wind energy developers such as Everpower Renewables, which is developing the Buckeye Wind Farm in Champaign County, as well as the 5,000 to 6,000 Ohio employees that make Ohio rank fourth among all states in jobs linked to wind energy, according to a 2012 survey by the American Wind Energy Association, the article said.
