wind farm energy manage

Congress May Extend Energy Tax Credits

wind farm energy manageExtension of various tax credits relating to energy may come up in the US Congress in the coming weeks, according to a blog posting on the Advanced Energy Economy website, citing several sources on Capitol Hill.

The following tax credit provisions that expired at the end of 2013 are up for discussion:

Energy-Efficient Commercial Building Deduction (179D).

-Renewable Electricity Production Tax Credit (PTC; Section 45) with option to claim the Business Energy Investment Tax Credit (ITC 48) instead. The PTC ended on January 1 without Congressional action.

-Replace the ITC (Section 48) placed-in-service qualifying deadline with a commence construction standard.

-Energy-Efficient Appliance Manufacturing Credit (45M).

Photo: Wind farm via Shutterstock

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