Most americans dont realize that the wind energy group has never ever had a 4 year continuous run with production tax credits, this is a first in wind energy history……
Renewable Energy Tax Credits: The package extends production tax credits for wind energy, as well as for geothermal, biomass and hydropower, to 2012. “This is the first time in the U.S. we have ever seen such long regulatory stability,” said Peter Brun, senior V-P of government relations for turbine maker Vestas, in a release today. The company expects the changes to help stabilize the wind market and lure new buyers, as the Denver Business Journal reports. According to the Geothermal Energy Association, this also represents one of the most important pieces of the stimulus for geothermal energy, for which lawmakers extended the production tax credit (along with biomass, geothermal and hydropower) through to 2013