Gov. Peter Shumlin says he’s optimistic that federal tax credits for renewable energy scheduled to expire at the end of the year will be renewed.
Shumlin says there’s support for the tax credits from governors of both parties, which should help their chances in Congress.
There’s been fear that expiration of the tax credits would slow development of renewable energy projects and hurt the wind- and solar-power industries in Vermont and elsewhere.
A Vermont House committee continues to work on legislation aimed at encouraging more development of renewable energy.