Wind Power Industry Requests U.S. Tax Credits

Tax Credit for Wind Power

A little over a year ago, the U.S. Wind Energy agreed to let its production tax credit lapse in 2020. Accord to representatives of the Washington-based American Wind Energy Association, the tax credits are now needed for the industry to maintain its cost advantage against competitive sources such as solar and natural gas. Citing President Donald Trump’s import tariffs on steel and other wind farm components, industry representatives claim that construction costs for on and offshore wind farms have risen by 28%. Wind Energy Association has indicated that it will lobby for the investment tax credit for wind energy to have parity with the U.S. Solar Industry.

For more information, please contact Vickie Rusek or Phillip Hoover.

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