As Congress debates the merits of what many in the wind industry consider an essential incentive, the American Energy Alliance, the advocacy arm of the Institute for Energy Research, says it has joined with over 100 organizations in opposition to the production tax credit (PTC).
The organizations have released a letter urging Congress to allow the wind PTC to expire. The letter states the following:
‘The principal federal support for the wind energy industry is scheduled to expire at the end of this year. The undersigned organizations and the millions of Americans we represent stand opposed to extending the production tax credit (PTC).
"The wind industry has very little to show after 20 years of preferential tax treatment; it remains woefully dependent on this federal support. Yet despite this consistent under-performance, Congress has repeatedly voted to extend the PTC, usually in one- or two-year increments. This past year, Congress dramatically expanded the credit in addition to extending it.
"This year, Congress should break from the past and allow the wind PTC to expire as scheduled, once and for all. Americans deserve energy solutions that can make it on their own in the marketplace – not ones that need to be propped up by government indefinitely."
The full letter is available HERE.
