Will Wind Energy Be The First Casualty of The Fiscal Cliff? - Page 2
Texas who is the nation’s biggest producer of both wind energy and natural gas has seen substantially cheaper electricity rates in recent years largely as a result of the drop in natural gas prices. The state also recently set new records in the amount of electricity generated from wind turbines and would certainly benefit from a continuation of federal government support for wind energy.
With the looming fiscal cliff getting most of Washington’s attention between now and the end of the year it may be difficult for the wind energy tax credit to get the attention it would need to see the subsidy extended.