Wind Energy Production
Federal subsidies for wind production began under the Administration of President Jimmy Carter with passage of the Public Utility Regulatory Policy Act and the Energy Tax Act. When these subsidies failed to make the industry competitive, Congress, in 1992, created the Production Tax Credit (PTC) to give it a boost. The PTC gives wind energy producers a tax credit of 2.2 cents per kilowatt hour of electricity generated. Although originally intended as a temporary measure, the PTC has been continually extended by Congress under pressure from the wind industry and renewable energy advocates. A setback occurred on January 29, 2015,…
