Congress failed to renew wind power tax credits last week. The effects on the fast-growing wind energy industry are expected to be devastating, including major layoffs and delayed or cancelled projects. The current income tax credit of 2.2 cents per kilowatt hour of wind power will now expire at the end of 2012. Wind power proponents tried to get an extension added to the payroll tax cut bill but failed. They could try again but another attempt probably won’t happen until after the November elections (when perhaps they hope Congress will be friendlier to renewable energy).




