Windpower Engineering & Development

  • Home
  • Articles
    • Most recent posts
    • News
    • Featured
  • Resources
    • Digital issues
    • Podcasts
    • Suppliers
    • Webinars
    • Events
  • Videos
  • 2025 Leadership
    • 2024 Winners
    • 2023 Winners
    • 2022 Winners
  • Magazine
  • Advertise
  • Subscribe

A victory for the wind industry: extended tax credits

By Kathie Zipp | December 23, 2010

The U.S. House has approved final passage of the tax bill that includes a one-year extension of the 1603 investment tax credit for developing renewable energy sources such as wind power. Republicans and Democrats came together to pass the bill without any amendments, and the president has signed it.

Denise Bode, CEO of the American Wind Energy Association, thanked lawmakers on both sides of the aisle for extending the investment tax credit, which dates to 1992. “This is a great holiday present for the 85,000 American workers in the wind energy industry, tens of thousands of whom will now be able to get back to work in a sector that has been a bright spot in the recession so far,” Bode said. “Orders will be on the rise for new wind power, and investors will put more capital into the U.S. economy because of what happened in Congress last night. We’re already making 20% of the electricity in Iowa, and have made as much as 25% of the electricity in Texas,” she said. “We hold the lead in building and expanding our U.S. manufacturing base than most other industries. With the industry expansion this extension will incentivize, we’re going to be making a whole lot more affordable, homegrown electric power in the years to come.”

Bode said she is looking forward to working with incoming Speaker John Boehner, a proponent of developing more domestic energy sources, and the rest of the new majority in the House. “The inclusion of renewable energy in the tax bill is a clear indication of strong bipartisan support for the wind industry, which will make more renewable energy than any other technology for decades,” she said.

AWEA www.awea.org


Filed Under: Policy
Tagged With: A victory for the wind industry: extended tax credits, AWEA, tax credits
 

About The Author

Kathie Zipp

Related Articles Read More >

Maryland, North Carolina, Virginia collaborate to support offshore wind development
Greenbacker Renewable Energy acquires 15.3-MW Maine wind project
ACE NY urges support of the New York Renewables Protection Act
University of Arizona to fully power campus with wind, solar & storage

Podcasts

Wind Spotlight: Looking back at a year of Thrive with ZF Wind Power
See More >

Windpower Engineering & Development Digital Edition

Digital Edition

Browse the most current issue of Windpower Engineering & Development and back issues in an easy to use high quality format. Clip, share and download with the leading wind power engineering magazine today.

Windpower Engineering & Development
  • Wind Articles
  • Solar Power World
  • Subscribe to Windpower Engineering
  • About Us/Contact Us

Copyright © 2025 WTWH Media LLC. All Rights Reserved. The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of WTWH Media
Privacy Policy | Advertising

Search Windpower Engineering & Development

  • Home
  • Articles
    • Most recent posts
    • News
    • Featured
  • Resources
    • Digital issues
    • Podcasts
    • Suppliers
    • Webinars
    • Events
  • Videos
  • 2025 Leadership
    • 2024 Winners
    • 2023 Winners
    • 2022 Winners
  • Magazine
  • Advertise
  • Subscribe