Congress Needs to Pass PTC Extension – Soon

![][1] In February and March, the United States Congress struck a blow to domestic alternative energy production, which is already resulting in stalled economic growth and job losses. Congress missed a chance to extend the Production Tax Credit (PTC) for wind power generation. While a PTC extension could still appear as stand-alone legislation or tied to another bill, it's imperative that such a move happens soon. PTC, an income tax credit of 2.2 cents per kilowatt-hour for wind turbine electricity production, is essential for tens of thousands of American jobs, as well as the continued success of domestic green energy generation.

[1]: http://www.renewableenergyworld.com//assets/images/story/2012/3/16/1332-congress-needs-to-pass-ptc-extension--soon.jpg

URL: http://www.renewableenergyworld.com/rea/news/article/2012/05/congress-needs-to-pass-ptc-extension-soon?cmpid=rss