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Wed February 1, 2012
Officials concerned about the expiring Wind Tax Credit
An Aide to Interior Secretary Ken Salazar, warned Wyoming government and industry officials yesterday (Tuesday) about the impact of expiring incentives for renewable energy projects.
Steve Black spoke at a meeting of the Wyoming Infrastructure Authority in Jackson. He said both a grant program and a loan guarantee program for renewables have already expired. He adds that a tax credit that encourages wind projects is due to expire this year. Black says now is not the time to tax an industry that's just getting off the ground.
"America needs to diversify its energy resources. We need all domestic sources of energy, and so now is not the time to make it financially more difficult for wind in Wyoming or solar in the desert southwest."
Black says President Obama is asking Congress to extend the tax credit for wind projects.