Wind energy industry braces for expiration of Production Tax Credit

Wind Energy Industry Tax Credit Deadline

Wind energy industry may soon lose support of Production Tax Credit The U.S. wind energy sector is in danger of losing a strong tax credit from the federal government due to congressional inaction. The Production Tax Credit, as it is called, is a major factor in the growth and success that the wind energy industry has seen in recent years. Backed by this tax credit, U.S. wind energy capacity has exceeded 50,000 megawatts, which is enough to power more than 13 million average homes. A congressional stalemate may put an…

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