Pelosi Questions Support for Deal to Extend Renewable Energy Tax Credits

By Julia Pyper, Greentech Media.

The House of Representatives passed a tax extenders bill this afternoon that includes a two-year extension of wind energy tax credits.

While the vote shows movement on Capitol Hill, House Minority Leader Nancy Pelosi said she may not have the Democrat votes needed to pass a budget bill, which includes incentives for both wind and solar.

The omnibus spending bill would fund the U.S. government through 2016, and provide a multi-year extension of the Production Tax Credit (PTC) for wind and the Investment Tax Credit (ITC) for solar. These measures are favorable to Democrats, but come in exchange for lifting the 1975 crude oil export ban -- a move championed by Republicans.