Del. lawmaker wants tax incentives for first offshore wind projects

01/31/2013 | Hill, The

Sen. Tom Carper, D-Del., plans to revive a bill that would offer an investment tax credit to the first several offshore wind projects to get off the ground. A proposal backed by Carper in the previous Congress sought to reimburse offshore wind developers for up to 30% of their project cost. The tax incentive would end once U.S. offshore wind projects reach a generating capacity of 3,000 megawatts.

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Hill, The

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