'Fiscal Cliff' Deal Increases Eligibility For Renewable Energy Tax Credits

摘要

The extension of the production tax credit (PTC) for renewable energy creation, a provision included in the "fiscal cliff' deal signed into law this month, includes language that will increase the number of renewable energy projects that will become eligible for the tax credit in the coming year. Language in H.R. 8, the law passed to avoid mandatory budget cuts and tax increases, expands eligible landfill gas and waste-to-energy projects to include those that are under construction by the end of 2013, rather than simply those that are already in operation by the end of the year, according to a spokesman from The Solid Waste Association of North America (SWANA), which pushed for the change last year when it was proposed as part of different legislation.