02/22/2013

Wind Energy Tax Credits – Safe for Now

Extension secures two more years for incentives

 

Wind energy is sweeping across the plains of the U.S., representing 35% of all new electric generation in the past five years.

Once under threat by congressional gridlock over the fiscal cliff debate, the wind energy Production Tax Credit (PTC) and Investment Tax Credits for community and offshore projects will remain in place for another two years.

The recent tax extensions will enable the continued growth of American wind energy, which accounts for 35% of all new electric generation in the past five years, according to the American Wind Energy Association (AWEA).

While protecting these incentives impacts the wind industry, building owners will benefit from increased renewable energy generation in their utility region.

The U.S. now boasts wind farms or manufacturing facilities in all 50 states. Wind also set a new record in 2012, with 44% of all new electrical generating capacity in America, according to the Energy Information Administration, compared with 30% for natural gas and lesser amounts for coal and other sources.

The extended tax credits will cover all wind projects that start construction in 2013 and 2014. The move is also expected to save up to 37,000 jobs that would have been at stake if the incentives expired, as well as revive business at nearly 500 manufacturing facilities across the country.

 

 


Visit our website today to learn about the design flexibility of a Morton building and the endless possibilities of partnering with our designBUILD team.


Wood construction is both cost and energy efficient. Check out Morton Buildings and our designBUILD team online today to discover all the benefits of post-frame construction.


When choosing a metal-clad building for your next construction project, consider Morton Buildings, Inc., and their designBUILD team, we’ll make your dream a reality.

We Can Help You Reduce Energy by 30%

Our mission is to help our customers manage their buildings' energy costs, improve reliability, and enhance performance while having a positive impact on the environment.
CLICK HERE to find out how.

Add highly responsive multi-zone comfort to any building project, in any climate. Our CITY MULTI H2i R2- and Y-Series VRF systems give you flexibility to fit the needs of any building. Enjoy 100% heating capacity at 0°F outdoor ambient, and 85% heating capacity at -13°F outdoor ambient.  For more information, log on to www.mitsubishipro.com


Visit our website today to learn about the design flexibility of a Morton building and the endless possibilities of partnering with our designBUILD team.


Wood construction is both cost and energy efficient. Check out Morton Buildings and our designBUILD team online today to discover all the benefits of post-frame construction.


When choosing a metal-clad building for your next construction project, consider Morton Buildings, Inc., and their designBUILD team, we’ll make your dream a reality.

We Can Help You Reduce Energy by 30%

Our mission is to help our customers manage their buildings' energy costs, improve reliability, and enhance performance while having a positive impact on the environment.
CLICK HERE to find out how.

Add highly responsive multi-zone comfort to any building project, in any climate. Our CITY MULTI H2i R2- and Y-Series VRF systems give you flexibility to fit the needs of any building. Enjoy 100% heating capacity at 0°F outdoor ambient, and 85% heating capacity at -13°F outdoor ambient.  For more information, log on to www.mitsubishipro.com

 
comments powered by Disqus

Related Products

Envelope and Structural
Janitorial
Flooring