Extended production tax credits can help America

  • 30/11/2008

  • InWind Chronicle

Originally enacted as part of the National Energy Policy Act, 1992, "The Production Tax Credits" (PTC) scheme has been the mechanism used in the United States to subsidise and stimulate the production of wind energy. Till 1985, the tax credits were based on installed capital costs. However, in 1994 it was decided by the US government to base the tax credits on the sale of wind generated electricity.