Tax credit for wind, times up.
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A bipartisan Senate duo is pushing for an end to federal support of the wind energy industry.
On Tuesday, Sens. Lamar Alexander (R-Tenn.) and Joe Manchin (D-W.Va.), led a group of eight Republican senators in sending a letter to Senate Finance Chairman Max Baucus (D-Mont.), requesting that the committee desert attempts to renew the wind Production Tax Credit (PTC).
The tax credit, given to wind power owners per kilowatt-hour of electricity that they produce, is set to expire at the end of this year.
“The extension gave the wind industry the multi-year certainty that it had requested, so now it is time to let this technology stand on its own,” the senators wrote in Tuesday’s letter.