No extension of US PTC or Treasury grant in sight this year

Neither the Production Tax Credit (PTC), which the US wind industry needs to avoid a collapse in 2013, nor the Treasury grant programme – key for the nation's solar industry – would be extended under a tenuous year-end legislative package.

Despite an all-out lobbying push, the American Wind Energy Association (AWEA) could not convince lawmakers to include the PTC in year-end legislation to extend tax provisions, such as a payroll tax cut and unemployment benefits, that expire on 31 December without Congressional action.

The top priority of the US wind industry is an extension of the PTC, which is worth $0.022/kWh for a project's first 10 years in operation.

It is only available to projects that begin operation by 31 December 2012. Uncertainty about its continuation is already having a deleterious impact on…

Become a Recharge subscriber!

Or try our free trial.

Order Subscription

Already a member?

Login

Recharge App


Dowload the Recharge Mobile App
Get the free Recharge subscriber app on your device running iOS or Android.
Read Recharge anytime and anywhere.
Recharge IOS App