Wind, Solar Investments In Jeopardy As Tax Credits Are Set To Expire

Posted on September 2, 2008
Filed Under solar investment, wind investment

JIM ABRAMS | August 31, 2008 09:28 AM EST | AP

WASHINGTON — Congress is putting the short-term future of renewable energy companies in jeopardy even as the presidential candidates and most lawmakers hail windmills, solar panels and biofuels as long-term solutions to high gasoline prices and global warming.

Some $500 million in investment and production tax credits will expire Dec. 31 unless Congress renews them. Without that help, solar and wind power companies say they will reverse planned expansions and, in many cases, cut payrolls and capital investment.

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