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'Fiscal Cliff' Deal Gives Wind Energy Tax Credit 1-Year Lifeline
Inside Climate News: A one-year extension of a key tax credit for the wind industry made it into the fiscal cliff deal the U.S. Senate and House passed on Tuesday.
The tax credit, which has been a major driver for wind development across the U.S. over the past two decades, is worth 2.2 cents per kilowatt-hour of energy produced by new wind installations for their first 10 years of operation.
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