US Congress ponders wind tax credit extension

RENEWS.BIZ | Legislation has been introduced into the US House of Representatives that would extend production tax credits for wind energy by five years.


The Growing Renewable Energy and Efficiency Now (Green) Act – introduced by Democrat Congressmen Mike Thompson and Richard Neal, and was sponsored by a further 46 Democrat members of Congress.


Under the proposals, the PTC for wind would be preserved at the current phaseout levels for 2019 and 2020 (60% and 40%, respectively), and then extended at 60% through the end of 2025.


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