Today President Obama is expected to sign into law a bill that extends key tax credits for wind power and averts the “fiscal cliff.” The main federal incentives for wind power – the renewable energy Production Tax Credit (PTC) and the offshore wind Investment Tax Credit (ITC) – expired on December 31, 2012. But with today’s new law, these credits will now be available for wind power projects that start construction over the next year, allowing for continued growth of Maryland and American wind power.
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