Production Tax Credit
America needs a secure and diverse supply of homegrown energy resources to power the nation. We also need to put more people back to work. Wind energy delivers in both of these areas.
The federal Production Tax Credit (PTC) is an effective tool to keep electricity rates low and encourage development of proven renewable energy projects. Equipped with the PTC, the wind industry has been able to lower the cost of wind power by more than 90%, provide power to the equivalent of 10 million American homes, and foster economic development in all 50 states.
The PTC is set to expire at the end of 2012, and it is crucial that it be extended for at least four years. Failure to extend the PTC will lead to significant job losses and roll back progress that we have made as a nation to diversify the U.S. electricity portfolio.
We need your support–please encourage your friends, relatives and acquaintances to urge your Representative to cosponsor the PTC Extension Act today! For more information on the topic and how you can contact your state representation visit http://action.awea.org/page/content/windPTC/Â
Learn more here about the PTC and just how important it is to our country!