Activity in Washington has renewable energy equipment costing more, along with fears of job loss in Wisconsin. Congress adjourns in two weeks without a definitive renewal of tax credits for the green energy projects.
The state has a law requiring that 10 % of all electricity come from renewable sources by 2015. Some analysts believe the lost credits could result in utilities cutting workers or raising rates to make up for the added costs of developing the renewable technology.
Don Wichert, Director of Renewable Energy Programs at Wisconsin Energy Conservation Corporation , however, is optimistic the tax credits will be installed after the election. The energy advisor to citizens and businesses says unfortunately Congress has a history of only installing credits for a year or two at a time leading to "boom and bust" cycles. The funding causes progress in the renewable energy industry but then stalls out when the tax credits end.
Wichert says current Congressional uncertainty has caused a huge demand and price increase on renewable technology, as people seek to use their tax credits while they still have them.
