Wind power tax credit likely to expire


Photo by ali_pk, Flickr.

A 2-cent per megawatt hour production tax credit (PTC) for wind energy has been excluded from the Payroll Tax bill in congress, creating some uncertainty as to whether the credit will be extended before it expires at year end.

“It looks like we’re not going to succeed, despite a valiant effort, as we see the legislation dealing with these tax extenders very narrowly focused,” said Todd Foley, senior vice president for policy & government relations, American Council on Renewable Energy.

Iowa employs about 2,000 workers in the production of wind turbines and towers, and the loss of the PTC could threaten those jobs. However, MidAmerican Energy’s upcoming 407 megawatt wind complex in Adair, Calhoun and Marshall counties will be completed in time to utilize the tax credit before it expires.

“We’ve done some market analysis and there is a cliff, especially for wind after March,” Foley said. “Our research shows there may be a 52 percent decline because of this uncertainty.”

For more information, read the full article at the Des Moines Register.

Western Iowa to produce more Wind Energy


A portion of the World's largest windfarm. 259 wind turbines over 200 feet tall located in Cherokee and Buena Vista Counties in Northwestern Iowa. Together they produce 192,750 kW of energy. Photo by Jim Hammer, Wikimedia Commons

Western Iowa will soon get a wind energy boost.

MidAmerican Energy announced today that it will buy 258 turbines for new wind farms in Adair, Adams, Calhoun, Cass and Marshall counties, the Des Moines Register reports.

The turbines will provide electricity to about 1.4 million customers in Iowa, Nebraska, Illinois and South Dakota by 2012.

A widening scope of disaster


Add seven more names to the list of Iowa counties eligible for disaster aid. Calhoun, Clarke, Dallas, Hamilton, Ida, Keokuk and Washington counties now join 50 others on the July 29 Presidential Disaster Declaration for Public Assistance.

This mammoth list puts the extent of flooding this summer in perspective. It means that more than half of Iowa’s counties have officially brushed with disaster.

According to a press release on Gov. Chet Culver’s Website:

Public Assistance funds are available to state and local governments and certain private nonprofit organizations…for emergency work and the repair or replacement of disaster-damaged facilities.

while:

Individual Assistance can include grants for temporary housing and home repairs, low-cost loans to cover uninsured property losses, and other programs to help individuals and business owners recover from the effects of the disaster.

Read more information from FEMA.