By PBN Staff
Twitter: @ProvBusNews
A relatively small piece of the fiscal cliff compromise legislation that passed Congress last week included a one-year extension of the tax credits for renewable energy projects.
Providence-based Deepwater Wind is happy that the credit, as well as the Production Tax Credit, has been extended and is looking into how to qualify for the credits for its planned five-turbine wind farm off the coast of Block Island.
The company long has said that without the credits, the project become far less likely to be built. Do you think that the federal credit is a good use of public funds?

If 24 cents per kwh plus the costs of undersea power transmission cables is good for the economy plus hitting us up for tax credits well I must have failed math. Friday, January 11|Report this