Delegates to the U.S. event also heard, however, that once
the production tax credit expires investment in wind energy is likely to drop significantly through a transitional period that will extend until U.S. policies on climate change are fully implemented.
GELLERMAN: Now I'm sure you're aware that at the end of this year the federal wind energy
production tax credits expire - Congress has not voted on them.
Not exact matches
In 2015, companies like his, which had packed their
production schedules to take advantage of an
expiring tax credit, found their timelines completely upended when Congress unexpectedly extended that
credit by five years.
For example, the now -
expired unconventional natural gas
production tax credit provided support for nascent shale gas exploration technologies in the 1980s and 1990s.
Meanwhile, the meager federal investment and
production tax credits for solar and wind energy have not been renewed and are due to
expire this year.
The wind energy
production tax credit (PTC)
expires at the stroke of midnight, Dec. 31, unless Congress votes to renew the
tax break.
Eligibility for the wind energy
production tax credit (PTC), established by Congress in 1992, is set to
expire at the end of this month, causing calls for action and inaction.
On December 16, the Senate approved a bill (already passed by the House of Representatives on December 3) that retroactively extends the federal
production tax credit (PTC) for wind plants, which had previously
expired at the end of 2013.
Now, though the ambitions remain, the wind industry has been reduced to trying to convince the less than ambitious House of Representatives not to raise its
taxes by refusing to renew its
production tax credit (PTC) when it
expires at the end of 2012.
No wonder why elected officials and their constituents from both political parties are pushing Congress to move forward on extending the
Production Tax Credit for wind energy, which
expires at the end of this year.
The US Congress allowed the Wind
Production Tax Credit to
expire as of January 1st, 2014.
The letter also urges them to remain opposed to an extension of the recently
expired Wind
Production Tax Credit (PTC).
The wind
production tax credit had already
expired two years earlier.
The wind
Production Tax Credit, or PTC, was due to
expire at the end of 2012 but was extended for an additional year as part of last December's «fiscal cliff» deal.
A boom in the
production of photovoltaic solar cells has not only cut the price of solar panels in half, but has also helped double solar energy's contribution to America's power supply Now dirty industry has the Production Tax Credit for wind energy in its sights - and polluters don't care that letting the credit expire means major j
production of photovoltaic solar cells has not only cut the price of solar panels in half, but has also helped double solar energy's contribution to America's power supply Now dirty industry has the
Production Tax Credit for wind energy in its sights - and polluters don't care that letting the credit expire means major j
Production Tax Credit for wind energy in its sights - and polluters don't care that letting the credit expire means major job l
Credit for wind energy in its sights - and polluters don't care that letting the
credit expire means major job l
credit expire means major job losses.
The
Production Tax Credit (PTC) was due to
expire at the end of 2012 but has been extended for a further 12 months.
Congress, in December 2014, let
expire a
production tax credit for renewable energy used for the development of wind power.
Levi Strauss and Starbucks are among 19 major companies that signed a letter imploring Congress to renew the wind
production tax credit that's set to
expire at the end of the year.
For instance, uncertainty over the future of the federal
production tax credit led to a boom - and - bust cycle in which 13 GW of renewable capacity was installed in 2012, but only 1 GW was installed in 2013 after the
credit expired.