Tax credit spurs 45% jump in wind power in ‘07
Thursday, February 7th, 2008The Honolulu Advertiser, 1/18/08 p C7 reported 5.244 megawatts of wind power generation installed in 2007, accounting for 30% of all new electricity-generating capacity. Note that this was done at a tax credit cost of a 2 cents per kilowatt hour of energy produced (around $100K), which lowered the development costs to the same level as coal-fired plants.
At this time the tax credit has not been extended past the end of 2008, but it seems likely it will be.
Currently wind power represents just less than 1% of all power generated in the United States according to the US Energy Information Administration.
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