The PTC, the industry’s main tax incentive, pays $23 per MWh, inflation-adjusted, during a project’s first decade in operation. The retroactive renewal for 2014 also gives developers the option to select a 30% investment tax credit based on capital investment in a project in lieu of the PTC.
The American Wind Energy Association earlier said the short PTC extension in HR 5771 – Tax Increase Prevention Act of 2014 - would be “essentially worthless” in driving new projects.
Even
