Monday, April 22, 2013

Overlapping wind energy initiatives spark claims of waste, as IRS increases tax credit

A recent government report shows billions in taxpayer dollars are being swept away by pricey wind energy initiatives that often overlap, even as the IRS moves to up the value of a popular tax credit.

The Government Accountability Office recently identified 82 federal wind-related initiatives implemented by nine agencies in fiscal year 2011. The nearly seven dozen initiatives were fragmented across agencies and had overlapping characteristics, and several that financed deployment of wind facilities provided some duplicative financial support, the report found.

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