Members of both the U.S. House of Representatives and the Senate have signed letters asking for the extension of the wind production tax credit (PTC) and the investment tax credit (ITC).
Senators and representatives from Iowa and Colorado circulated letters urging Congress to encourage more private investment in the U.S. wind industry, according to the American Wind Energy Association (AWEA). The ITC and PTC both expired January 1.
The House letter was signed by 118 members and urged “certainty and predictability so that long term project decisions and investments can be made.” The bipartisan Senate letter to Senate Finance Committee Chairman Ron Wyden (D-Ore.) was signed by 26 senators. It asked that the PTC “be considered by the Committee as soon as possible…to avoid further layoffs and divestment.”
Lawmakers are hoping to avoid the 92 percent from in U.S. wind power installation such as what was seen in 2013 when there was uncertainty over the PTC’s passage. From 2005 to 2012, the U.S. wind industry say $105 billion of private investment due in part to the PTC. Jobs reached 80,000, including 30,000 in U.S. manufacturing.
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