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Fri Apr 6, 2012, 02:37 PM

Renewable Energy and Tax Extensions....?

Bipartisan support for the production tax credit continues to pour in from around the country. This week, the National Governor’s Association sent a letter to Congressional leaders urging them to extend key tax credits for wind and other renewables.

Citing the need to stimulate new types of economic activity and maintain job growth in the clean energy sector, the bi-partisan organization called for a four-year extension of the production tax credit (PTC):

Predictable tax policies provide a foundation for renewable energy development and can play an important role in our nation’s economic recovery. Therefore we are encouraging an extension of the both the PTC and ITC for at least 4 years. These tax credits can continue to encourage robust investment and deployment of renewable technologies by affording industry a reliable investment framework within which to operate.

Also adding to the public call for an extension of wind tax credits were the commissioners of Wheatland County, Montana. Wheatland County is a very conservative area of the country. According to one clean energy campaigner, getting these commissioners to write the public statement is “deeply encouraging” and shows “there are still elected officials with common sense.”


Letter from the governors to Congressional leaders.....



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