Bloomberg News

IRS Boosts 2013 Renewable-Energy Tax Credit Because of Inflation

April 04, 2013

The U.S. Internal Revenue Service is increasing the production tax credit 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.

To contact the reporter on this story: Justin Doom in New York at jdoom1@bloomberg.net

To contact the editor responsible for this story: Tina Davis at tinadavis@bloomberg.net


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