You have reached your limit of free articles this month.

Enjoy unlimited access to

Starting at just 99¢ for 8 weeks.


  • ePAPER

You have read of premium articles.

Get unlimited access to all of our breaking news, in-depth coverage and interactive features. Starting at just 99c for 8 weeks.


Welcome to

Your source for Clark and Champaign counties’ hometown news. All readers have free access to a limited number of stories every month.

If you are a News-Sun subscriber, please take a moment to login for unlimited access.

Tax credit for wind energy projects extended

As part of the fiscal cliff deal, Congress approved the extension of a tax credit for wind energy projects for the next year.

That’s critical for Ohio because of projects being developed in the western portion of the state, said Julian Boggs of Environment Ohio, a nonprofit advocate based in Columbus.

It’s expected that President Obama will sign into law the cliff bill that extends the tax credits for wind power. Boggs said the incentives for wind power – the renewable energy Production Tax Credit and the offshore wind Investment Tax Credit – expired on Dec. 31.

With the tax credit, wind turbines are entitled to a 2.2 cent tax credit for each kilowatt-hour they generate in their first 10 years, which can amount to hundreds of thousands of dollars for a some turbines. Companies also have the option of requesting a lump-sum payment equal to 30 percent of the construction cost.

Critics of the tax credit argue that the government should take a more free-market approach. Proponents say the credit helps create jobs.

The credits will be available for projects that start construction over the next year, Boggs said. One, the Buckeye Wind Farm, is under development in Champaign County. Everpower Renewables, the company in charge of Buckeye Wind, estimates that $20 million in payments to local governments and school districts will be made over the project’s life.

The two-phases of the project have a pricetag of $300 million. It will employ 10 to 12 full-time workers when finished and generate energy for 40,000 households. The credits will help finances of the project, which should be under construction in 2013, spokesman Jason Dagger said.

Boggs said that two large wind farms in Van Wert and Paulding counties are equal to reducing pollution created by 19,000 cars each year.

“Our current national wind energy capacity also reduces air pollution by avoiding 137,000 pounds of smog-forming emissions and 91,000 pounds of soot-forming emissions every year,” Boggs said.

A 2012 survey by industry advocate American Wind Energy Association said Ohio ranks fourth among all states in jobs linked to wind energy with 5,000 to 6,000 employed.


The survey said demand for new wind generation created nearly 500 American manufacturing facilities and employed 75,000 overall, including 30,000 in manufacturing. Ohio has 50 companies supplying components, the group said.

Reader Comments ...

Next Up in Business

Five things to know: Are you at risk for a cyber attack?
Five things to know: Are you at risk for a cyber attack?

If you’re online, you’re at risk, experts say. “The fact of the matter is we as a society do more and more and more stuff online — that’s individuals, that’s governments, that’s businesses — and when you do that … what we call the threat surface has grown exponentially,” said David Salisbury...
Harambe fans rejoice: Charity to host gorilla-themed run in Cincinnati
Harambe fans rejoice: Charity to host gorilla-themed run in Cincinnati

A pack of gorillas will take over downtown Cincinnati next month, but they haven’t escaped from the Cincinnati Zoo. The Gorilla Glue Company will host its annual Cincinnati Gorilla Run, a 5k that raises funds and awareness for mountain gorillas. The race is on April 2, starting at the Montgomery Inn Boathouse at 925 Riverside Drive. Race participants...
Ohio adds 15K jobs in February
Ohio adds 15K jobs in February

Ohio employers posted a net gain of 15,200 jobs last month — the second-highest statewide increase in the nation — while the February unemployment rate edged up to 5.1 percent from 5 percent in January, the Ohio Department of Job and Family Services (ODJFS) reported today. The state jobs department also reported a significant revision to...
Easter consumers to spend $2.6B on Peeps and other candy
Easter consumers to spend $2.6B on Peeps and other candy

Americans will spend more than ever before on Easter festivities. Spending for the holiday is expected to reach $18.4 billion, an increase of 6 percent compared to last year’s record $17.3 billion. Consumers will spend an average of $152 per person, an increase of 4 percent from 2016. The data was collected by the National Retail Federation&rsquo...
Wright State Physicians CEO stepping down
Wright State Physicians CEO stepping down

Dr. Alan Marco is stepping down as president and CEO of Wright State Physicians, effective March 31, according to an internal email obtained by the Dayton Daily News. According to the email, Dr. Marco will be replaced as president by Dr. Jerry Yaklic — an obstetrician-gynecologist with Wright State Physicians Obstetrics & Gynecology and chair...
More Stories