Tag Archives: U.S. wind and solar development

Tax Breaks, Falling Costs Are Boosting Wind And Solar

Wind turbines dot the landscape in Mojave, Calif. The recent extension of federal tax credits is expected to give the wind and solar energy industries a big boost. Irfan Khan/LA Times via Getty Images

Wind turbines dot the landscape in Mojave, Calif. The recent extension of federal tax credits is expected to give the wind and solar energy industries a big boost. Irfan Khan/LA Times via Getty Images

By Chris Arnold, National Public Radio (NPR)
Right before the holidays, Congress approved tax credits for clean energy. It was just a tiny part of a $1.8 trillion spending bill, but solar and wind power companies say it’s a Christmas present that will catapult their industry forward. Analysts are predicting a big boost in wind and solar projects over the next few years . . . Ron Binz, an energy consultant, says the Department of Energy finds that wind power alone could double in the U.S. in the next five years. And it could reach 20 percent of total U.S. power generation in 15 years. “Renewables have reached a point where there’s no going backwards,” he says. “They are becoming cheaper and cheaper and will eventually become the cheapest resource that we can use.”

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