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Congress Finance committee approves a bill to extend the renewable energy tax credit.

Senate Finance Committee Approve Bill to Extend Renewable Energy Production Tax Credit

Late last week the Senate Finance Committee approved the “Expiring Provisions Improvement Reform and Efficiency (EXPIRE) Act.” The bill will extend a number of expired or expiring tax provisions, including the Renewable Energy Production Tax Credit (PTC) and Investment Tax Credit (ITC). The bill now goes to the floor of the Senate for debate. If the bill becomes law it…

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Wind energy production tax credit extended one year as part of fiscal cliff deal

Fiscal Cliff Deal Restores Wind Energy Tax Credit, at Least for a Year

All the political debate, industry lobbying, public relations campaigns and wind industry hand-wringing concerning extension of the federal wind energy production tax credit (PTC) appears at an end with Congress agreeing to extend wind energy tax credits for another year as part of a last-minute deal to avoid the U.S. going over the so-called “fiscal cliff.” Enacted and allowed to…

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There are dark clouds on the horizon for wind energy of Congress does not renew the PTC

Why Congress Must Extend the PTC for Wind Power

The expiration of the production tax credit (PTC) at the end of this year constitutes a major obstacle for U.S. wind energy. If the PTC is not extended by Congress, tens of thousands of jobs will be lost and economic development would be stymied. As stated in a report from Ernst and Young, “Failure to extend this incentive could stop wind development in…

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