Tagged: renewable power

3:49pm

Thu February 9, 2012
Energy

Future of renewable energy uncertain as tax breaks fade

The solar installation at this house in Ithaca provides about 100% percent of what's needed at this residence. When there's extra, NYSEG buys it back.
Matt Richmond / WSKG

It's not looking good for subsidies for renewable energy.

A 30 percent upfront tax credit for commercial renewable power projects known as the 1603 program expired at the end of 2011.

Another 30 percent credit for wind projects, that's a part of the long-debated payroll tax bill, is scheduled to expire at the end of 2012.

And while there are still a host of incentives offered by states and the federal government that remain unaffected, the question is inevitable:

Is the federal government preparing to cut loose the renewable power industry?

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