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The Boston Globe

Business

Tax credit extension boosts Mass. wind industry

The extension of wind energy tax credits — passed as part of the fiscal cliff deal — includes a key change that will make it easier for wind ­developers in Massachusetts and elsewhere to obtain what are viewed as crucial incentives for a burgeoning industry.

In Massachusetts, the tax credits have helped spur new wind development. Last year, for example, at least half a dozen projects — including the largest in the state, the Hoosac wind farm in the towns of Florida and Monroe — doubled the state’s wind energy generated capacity over the last decade to 99 megawatts, or enough to power at least 26,000 homes.

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