13 Dec '11, 7pm

Wind Industry in a Fight for its Life: The wind industry’s production tax credit (PTC) expires at the end o...

Wind Industry in a Fight for its Life: The wind industry’s production tax credit (PTC) expires at the end o...

The wind industry’s production tax credit (PTC) expires at the end of 2012. The solar industry’s investment tax credit (ITC) extends to 2016. The wind industry is aggressively pursuing a PTC extension to 2016. In support of the industry’s claim, Navigant Consulting did a study of a range of impacts that would follow either expiration or extension. The contrast is stark. The economic impacts are large enough to have repercussions on state, regional and national economies. If the PTC is not extended, Navigant found it will likely cost the country nearly 40,000 of today’s jobs and drain nearly ten billion dollars out of the current economy. If the PTC is extended through 2016, it will add more than 25,000 new jobs and grow the wind industry to the extent of an additional billion dollars. “The PTC extension,” according to Navigant Director and Project Manager Bruce Hamilton, "...

Full article: http://www.greentechmedia.com/articles/read/wind-industry...

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Testimony: Extend the U.S. Production Tax Credit to preserve thousands of American jobs #wind #windenergy

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