production tax credit

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Notes on the stimulus package

I've been meaning to say something about the energy/climate provisions in Obama's stimulus package, but just hadn't gotten around to it. I also have a post I've been working on that gets into the whole tropical troposphere mess - yeah, I'll get that out some day too.

Anyway, on the stimulus, this post by Jesse Jenkins at Huffington Post does an excellent job of summarizing the key points in the $80 billion that went to energy projects. I agree pretty much with his analysis of the good and the bad there. Some highlights:

A+: The act provides a much-needed, long-term extension of the critical Production Tax Credit that has spurred the booming wind industry, and makes tax credits for wind, solar and other renewable energy sources fully refundable for the next two years.

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