19 Dec '11, 4pm

Dear Santa: The Wind Industry Christmas Wish List: These Christmas wishes would make the wind industry’s futur...

Dear Santa: The Wind Industry Christmas Wish List: These Christmas wishes would make the wind industry’s futur...

These Christmas wishes would make the wind industry’s future much merrier. There are eight, so they will also light up Hanukkah’s nights. 1.) Santa must convince this Scrooge-like Congress to open its cold, calculating heart to an extension of the wind industry’s production tax credit (PTC) until 2016, matching the duration of solar ’s investment tax credit (ITC). Wind’s tax credit will expire at the end of 2012. It returns 2.3 cents for every kilowatt-hour of electricity produced in the project’s first 10 years. It has been up for extension eight times. The three times it was delayed, installations dropped 73 percent, 77 percent, and 93 percent, respectively. A just-released study showed a failure to extend could cost nearly 40,000 jobs and almost 10 billion dollars. If the credit is extended through 2016, the struggling U.S. economy would receive a wind industry that is ...

Full article: http://www.greentechmedia.com/articles/read/dear-santa/

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