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AWEA Releases Statement Regarding Extension of the Production Tax Credit

Jan. 3, 2020
The PTC extension is expected to create opportunities for wind turbine factories, rural communities hosting wind farms and new jobs.

According to a press release from the American Wind Energy Association (AWEA), the President recently signed a spending and tax bill that includes an extension of the wind energy Production Tax Credit (PTC) for one year. It raises the value of the PTC to 1.5 cents/kWh. It will continue to create jobs and economic opportunities in all 50 U.S. states.

“This bipartisan bill is a major win for American consumers,” said AWEA President Tom Kiernan in the release. “It means more business for over 500 U.S. factories building wind turbine components, and it means more opportunities for job creation and economic development in the rural communities hosting wind farms. We appreciate that Congress has recognized wind and other renewable’s role in building a strong economy while also reducing carbon emissions.”