SOURCE: Texas Chamber of Commerce Energy Association
In a recent post The Texas Chamber of Commerce Energy Association provides an update on the wind energy Tax Credit and the state of wind energy in Texas.
Dallas, Texas (PRWEB) January 10, 2013
In a recent post, The Texas Chamber Of Commerce Energy Association provides an update on the wind energy Tax Credit and the state of wind energy in Texas.
Texas has the largest wind energy capacity in the country thanks in large part to the federal Production Tax Credit as well as renewable energy mandates at the state level. The tax credit was set to expire at the end of 2012 without congressional intervention to extend the subsidies provided to energy companies that produced electricity from wind turbines to sell to the grid.
This set the stage for a frenzy of activity in the industry in 2012 as producers scrambled to meet the year-end deadline for bringing new production online. It also created a great deal of uncertainly in the industry for 2013 and beyond.
Congress ultimately passed an extension to the Production Tax Credit as part of the last minute fiscal cliff deal. The TCCEA post discusses an important change to the language of the rules governing who is eligible for the subsidy that will give the subsidy more impact in 2013 than it otherwise might have.
Records for Wind Electricity in Texas
Texas set several records for wind electricity production in 2012 with the last one coming on Christmas day when a winter front created demand for electricity to heat homes in the state as well as strong winds to power the state’s wind turbines. Texas already has around 10,000 MW of wind capacity with substantially more in the pipeline.
TCCEA member chambers represent businesses of all sizes throughout the state of Texas. Using the negotiating leverage this provides TCCEA is able to obtain favorable electric rates for members. TCCEA is also a resource for news and information on the Texas electricity market. If your local chamber is not a member of TCCEA have your chamber leadership reach out to TCCEA.
For the original version on PRWeb visit: http://www.prweb.com/releases/prweb2013/1/prweb10304003.htm