Credit Boblink/ Creative Commons
January 7, 2013
The one-year extension of tax credits for the wind energy industry passed by Congress, means wind projects in upstate New York are able to move forward more confidently, at least for 2013.
The Black Oak Wind Farm project in Tompkins County wasn't relying on the extension of business incentives like Production Tax Credits - or PTCs, according to project manager Marguerite Wells.
But she says it's certainly better knowing they're available. "I, and certainly my teammates, have breathed a big sigh of relief that it's in place, and that we know what it is and that we can use it."
Wells says they'll break ground in Enfield on the Black Oak project later this year, and it'll be up and running in 2014.
Any wind energy project begun before the end of this year will qualify for the credit.
However as a community-owned wind field, Wells says the Black Oak project will probably take advantage of lesser-known tax credits tailored to investors rather than the PTCs.
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