On April 3, the IRS released its inflation factors for calculating the production tax credit in 2013. The credit for renewable electricity production for calendar year 2013 is 2.3 cents per kilowatt hour (increased from 2.2 cents per hour) on the sale of electricity produced from the qualified energy resources of wind, closed-loop biomass, geothermal energy, and solar energy, and 1.1 cents per kilowatt hour (same as 2012) on the sale of electricity produced in open-loop biomass facilities, small irrigation power facilities, landfill gas facilities, trash combustion facilities, qualified hydropower facilities, and marine and hydrokinetic renewable energy facilities.
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