Posted by
Always To The Right on Friday, October 10, 2008 6:27:26 PM
Greg noted
earlier today what our tough economic times might mean for alternative
energy. Wind developers have anxiously awaited Congress’ decision of
whether to renew wind energy’s cushy tax credits, which were set to
expire at the end of the year. But the financial bailout has saved the
day! U.S. . . . Go
This history strongly suggests
that, had the tax credits expired, new wind-energy investment would
have tanked and current projects likely would have stalled. The
financial landscape may be different these days, but the lure of a
2-cents-per-kWh tax credit will continue to drive wind-energy
development, regardless of wind energy’s inability to thrive without
government handouts.