U.S. Tax-Credit Extension May Boost Stalled Wind Industry
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The one-year extension of a U.S. tax credit for wind energy revises the policy in ways that may revive an industry that’s expected to slump 59 percent this year.
The production tax credit was due to expire Dec. 31 and the extension was part of the Jan. 1 legislation averting the so-called fiscal cliff that would have raised income taxes for most U.S. workers.