Many politicians in the Republican party have made ending the tax credit part of their agenda. This year, efforts to extend the tax credit have made little headway in the Republican-controlled House of Representatives.
High Cost - Since being adopted in 1992, the cost of the PTC for wind energy has ballooned from roughly $5 million a year in 1998 to $1.5 billion annually today. This open-ended subsidy of 2.3¢/kWh in after-tax income represents a pre-tax value of approximately 3.5¢/kWh. In many regions of the country the PTC now equals, or is greater than, the wholesale price of power.
Tell Your Story
Do you live near a wind turbine and want to share your story? Have you been involved in a wind fight in your community? Do you have experiences you'd like to share with our community?
We are accepting personal stories to be published on WindAction.org. SUBMIT yours for consideration!