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Taxes Maintain Tax Credits for Solar and Wind

Action item: Advocate for the extension of the federal Production Tax Credit for wind electricity


The current Production Tax Credit of 2.2ยข per kilowatt/hour of wind electricity has brought the cost of electricity from wind power to a point where it is broadly competitive with natural gas, sustaining 75,000 jobs in manufacturing, installation and maintenance. However, the Production Tax Credit expires at the end of the year, December 31, 2012.
The American Wind Energy Association has produced a good description of the PTC and its value: Production Tax Credit.

What needs to be done:

Contact Congressional representatives (House and Senate) to support a long-term extension of the Production Tax Credit for wind electricity. This is important to provide consistency and market certainty that the wind industry needs for continued growth.