Alternative Energy

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Wind, Solar Tax Credits Likely Not In US Stimulus Deal -Aide

By Siobhan Hughes, Of DOW JONES NEWSWIRES

WASHINGTON -(Dow Jones)- Wind and solar energy companies may have to wait longer for Congress to extend tax credits for the industry: an extension is likely to be left out of a U.S. economic stimulus package, according to a Democratic aide.

Congressional and Bush administration negotiators have reached a tentative deal on an economic stimulus package in an effort to fight off a recession, congressional aides said Thursday morning. Wind and solar power companies had been lobbying for the package to include an extension of tax credits that expire this year.

"Those are not likely to be included," a Democratic aide said.

Solar and wind companies have said that their business will slow this year without the certainty that Congress will extend the tax breaks.

-By Siobhan Hughes, Dow Jones Newswires; 202-862-6654; Siobhan.Hughes@ dowjones.com

(John Godfrey contributed to this report)

(END) Dow Jones Newswires
01-24-081103ET
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