The report claims that 37,000 jobs will be lost if the PTC is no longer available as a subsidy, while conversely a further 17,000 jobs could be created if the tax credit was extended beyond its current 2012 expiry date.
Bipartisan legislation recently introduced by republican Dave Reichert and democrat Earl Blumenauer in the House of Representatives seeks to grant a four-year extension to the existing PTC. This legislation has so far garnered the support of 36 cosponsors including 11 Republicans.
American Wind Energy Association chief executive Denise Bode urged Congress to take heed of Navigant’s findings and extend the PTC.
"American manufacturing jobs are coming back, with tens of thousands of new jobs from wind power," said Bode.
"But these jobs could vanish if Congress allows the Production Tax Credit to expire, in effect enacting a targeted tax increase, and sending our jobs to foreign countries. Congress must act now to keep this American manufacturing success story going."