Production Tax Credit wind power

Tax Credit Extension Crucial to US Clean Energy Growth, Manufacturing & Jobs Revival

The US wind energy industry can create and save 54,000 jobs, including expanding the wind energy manufacturing sector by 1/3 to 46,000 jobs, according to the results of a study completed by Navigant Consulting. That’s given a stable federal tax policy that includes extending the existing wind energy production tax credit (PTC) for another four years. The AWEA, along with US manufacturing industry groups, labor unions and environmental groups, is pushing for Congress to pass recently introduced legislation that would extend the PTC through 2016.

Wind Power Needs Long-term Policy Support (Like Fossil Fuels Get), Ted Turner & Others Pronounce

Wind power needs to be and will likely be a key source of electricity in the near future (and already is in some places). As legendary business leader Ted Turner said at the U.S. WINDPOWER conference in California yesterday, embarcing renewable energy such as wind, solar, geothermal is an “even more of an obvious business decision for him today than launching eventual cable giant CNN was in 1980.” Turner stated, “I’ve never seen anything more clear as the case for wind, solar, and geothermal.”