Gallery: Can President Obama Renew the Wind Energy Tax Credit Before it...

 

For the past several months, the American wind energy industry has been at a near standstill, as political uncertainty clouded the industry’s future. On December 31, a federal tax credit that makes wind power more cost effective for developers is set to expire. Mitt Romney was outspoken in his opposition to renewing the tax credit, and it was widely believed that if he were to win the election it would be a death knell for the wind energy industry. But even with President Obama‘s reelection for a second term, renewing the tax credit still isn’t a sure thing.

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