Siemens has welcomed the Congressional action to approve a five-year extension of the federal Production Tax Credit (PTC) for wind energy. The company has over 5,000 wind turbines installed in the U.S., capable of producing clean, renewable power for more than 2.5 million households every day. “On behalf of the nearly 2,000 Siemens wind energy employees…
AWEA: U.S. wind industry leaders praise multi-year extension of tax credits
By voting to pass the 2016 budget, which includes a multi-year extension of the wind energy Production Tax Credit (PTC) and Investment Tax Credit (ITC), Congress secured stability for 73,000 American wind industry workers across all 50 states and private investors helping to grow American wind power. “We’re going to keep this American wind-power success…
CGE Energy commends Congress’ proposed wind & solar tax credit extensions
CGE Energy, an engineer of no capital cost energy solutions, commends Congress for its proposed bipartisan agreement that extends the Investment Tax Credit (ITC) for U.S. renewable energy projects. The ITC was set to expire at the end of 2016. As part of a larger budget deal, Congress voted this week on legislation for a…
Congress considering two-year PTC extension
On December 7, the House Ways and Means Committee Chair, Kevin Brady, circulated draft legislation that would extend the Internal Revenue Code Section 45 tax credit for electricity produced by certain renewable sources (“PTCs”) for two years.
House of Representatives to consider Rural Wind energy Development Act
Representatives Earl Blumenauer (OR-03) and Tom Cole (OK-04) introduced the Rural Wind Energy Development Act to provide an investment tax credit to ranchers, farmers, and small businesses to offset the up-front costs of owning a distributed wind turbine. This modest expansion of current law will keep small business energy jobs growing across the United States.…