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Alternative Energy Tax Credits Hanging In The Balance

Posted on August 27, 2008

Federal tax incentives for wind, solar and other forms of alternative energy are set to expire at the end of the calendar year unless Congress votes to reauthorize them.Democrats are demanding the $1.7 billion in incentives be revenue-neutral and Republicans want offshore drilling to qualify for the same treatment as wind and solar. Not surprisingly, the issue is at a stalemate.Published reports indicate that the tax incentives can reduce a company's operating costs by 30%, so projects that are already in the works are being completed at a feverish pace in order to be online by December 31 and...

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