Budget Proposal Would Help Commercial Wind Power

[RenewableEnergyAccess.com] White House budget proposals are just that: proposals. They’re proposals that historically end up broadly altered by Congress before they become law. Either way, if sections of the budget pertaining to wind remain the same, wind power stands to see some key benefits. The Bush Administration budget proposal for 2006 calls for extending the wind energy production tax credit (PTC) for two years, through the end of 2007. It also proposes an increase of nearly 9 percent for wind energy research and development spending through the Department of Energy (DOE). The two-year PTC for wind, biomass (other than agricultural livestock waste nutrients), and landfill gas would continue at 1.8 cents/kWh and would be adjusted annually for inflation. In a time of tight spending constraints, the proposed budget calls for increasing the spending on wind research and development from $40.8 million to $44.2 million – a relatively large nearly 9 percent increase – while at the same time calling for a 4 percent cut in overall spending for the DOE’s energy efficiency and renewable energy program. The budget calls for level funding of the Renewable Energy Production Incentive at $5 million. Information courtesy of the American Wind Energy Association
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