26 Dec '12, 3pm

Los Angeles Times: Congress 'must renew' #windpower incentive: #windworks #windenergy #passtheptc

The PTC is an incentive that reduces taxes on the operators of wind farms and leaves more of the money they earn from electricity sales in private hands, helping to attract private investment not only in wind projects, but in component manufacturers, suppliers, trucking companies and more. The PTC provides an income tax credit of 2.2 cents per kilowatt-hour for the first 10 years of electricity production from utility-scale wind turbines. It is set to expire on Dec. 31 unless Congress extends it first. A recent study by Navigant Consulting found that extending the Production Tax Credit will allow the industry to grow to 100,000 jobs in just four years , while an expiration would kill 37,000 jobs within a year.

Full article: http://www.awea.org/blog/index.cfm?customel_dataPageID_16...

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