U.S. Congressman Fights for Extension of PTC and ITC

Wind Industry Profile of

Tax policy parity with other sectors critical to meet consumer demand for clean energy

The American Wind Energy Association (AWEA) issued the following statement applauding the release of the Growing Renewable Energy and Efficiency Now (GREEN) Act by Congressman Richard Neal (D-MA), Chairman of the U.S. House Committee on Ways and Means. The legislation includes an extension of the Wind Production Tax Credit (PTC) at 60% for five years and extends the offshore wind Investment Tax Credit (ITC) for five years. The wind energy tax credit is expiring this year, while other energy sources have permanent tax credits. “We commend Chairman Neal for his leadership in recognizing the value of the PTC and ITC in promoting economic growth and reducing carbon emissions.... ... More: Official Press Release AWEA

Keywords:

AWEA, GREEN Act, USA, tax policy, sector, clean energy, PTC, ITC, extension, expiring, offshore, onshore