IRS Boosts 2013 Renewable-Energy Tax Credit Because of Inflation (Businessweek)
The U.S. Internal Revenue Service (IRS) is increasing the Production Tax Credit (PTC) available this year for energy generated by wind, geothermal, solar and closed- loop biomass because of inflation.
The credit will increase to 2.3 cents a kilowatt-hour from 2.2 cents, according to a notice in the Federal Register yesterday. The subsidy applies to the 2013 calendar year, according to the IRS.