U.S. Wind Energy Production Tax Credit Extended Through 2021
At the end of December 2020, Congress extended the PTC at 60% of the full credit amount, or $0.018 per kWh ($18 per megawatt-hour), for another year through December 31, 2021.
Search Results for: production tax credit
Renewable Energy Production Tax Credit Gets Important Last-Minute Push
Originally published on the AWEA website (image added). Washington, D.C., — The renewable energy Production Tax Credit (PTC) and Investment Tax Credit (ITC) were included today with bipartisan support, as the U.S. Senate Finance Committee reported out a tax extenders package whose swift passage is critically important to the continued … [continued]
Which States Win And Which States Lose On The Production Tax Credit?
A new report finds Texas, Iowa, North Dakota, and Oklahoma earned hundreds of millions more from the wind Production Tax Credit than they paid in taxes.
Who’s Afraid Of The Big, Bad Production Tax Credit For Wind Power?
The U.S. wind industry is soaring now that last year’s uncertainty over renewal of the federal production tax credit for wind power is ancient history. A last-minute shift in Congress resulted in renewal of the credit on January 1st, and leading wind turbine manufacturer GE has just credited the credit … [continued]
Yet Another Storm Brewing Over Wind Production Tax Credit
Wow, talk about taking the wind out of a guy’s sails. Just minutes after President Obama urged the nation to support more wind power in his State of the Union address, Rep. James Lankford (R-OK) sure put a damper on things. He announced that his House subcommittee intends to challenge … [continued]
Production Tax Credit For Wind Power Saved, For One Year
Supporters of the production tax credit for wind power can breathe a little easier, at least for now. Whatever else anybody says about the “fiscal cliff” legislation drama, in the end, our friends over at the American Wind Energy Association (AWEA) are sure in a celebratory mood. The final bill, … [continued]
Romney Would End Wind Energy Production Tax Credit (Costing US 37,000 Jobs)
Staffers for Mitt Romney’s presidential campaign say the candidate wants to end the wind production tax credit. That federal credit has allowed the wind industry to compete with heavily-subsidized fossil fuels that do considerable harm to the environment and public health — impacts that are not reflected in their … [continued]
14 US Wind Energy Leaders Meet at White House over Call to Extend Wind Production…
by the American Wind Energy Association (AWEA) WASHINGTON – Two Cabinet secretaries met with 14 leaders of the U.S. wind manufacturing, construction, and development sectors at the White House today, advancing a bipartisan effort to extend the wind energy Production Tax Credit before Congress recesses for the summer, and … [continued]
US Wind Power Grows 31% in Q4, 17% in 2011, but Expiring Production Tax Credit…
US wind power capacity surged 31% in 4Q and 17% annually in 2011, according to the AWEA’s latest industry report. Wind energy now supplies 20% of electricity in Iowa and South Dakota, while more than 100 wind projects in 31 states and Puerto Rico are under construction at present. Looming expiration of the wind power PTC threatens the economic growth and job creation that’s under way, however.
EnXco Acquires Cielo’s 161-MW Texas Panhandle Wind Ranch; Accelerated Construction by Year-End to Qualify for…
San Diego-based enXco has purchased Cielo Wind Energy’s 161-MW Spinning Spur Wind Ranch project. Producing enough clean, renewable energy to supply more than 54,000 households, enXco, Cielo – which will manage construction of the project – and North Dakota contractor Wanzek Construction plan an accelerated construction schedule in order to qualify for a federal wind energy production tax credit due to expire at year-end.
