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Wind energy tax credits survive

Wind energy tax credits have also been extended in the bill passed by Congress to avert the “fiscal cliff.” The American Wind Energy Association says the extension of the wind energy Production Tax Credit and Investment Tax Credits for community and offshore projects will allow the renewable energy source to continue growing. The credits would cover all wind projects started in 2013. The wind energy extensions were in the Senate Finance Committee tax extenders package put together last August.

The association expects the continuing incentives will save 37-thousand of the 75-thousand jobs in the wind energy industry and “create far more over time.”

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