United States

United States

Lobbying for tax credit extension

Legislative support is being rounded up on Capitol Hill in an effort to gain an extension of the federal wind energy production tax credit. A bill introduced by Representative Bill Thomas of California would extend the credit five years beyond its current expiration date, June 30, 1999. "We think it's essential to the market expanding," says Randy Swisher of the American Wind Energy Association (AWEA). "It's our highest legislative priority for this year." The credit, which adds $0.015/kWh to utility payments for wind power, was introduced in 1992. If all goes as planned for AWEA, the extension would become part of the overall federal budget agreement now wending its way though the legislature. In addition, AWEA is pursuing the creation of a small wind turbine investment tax credit.

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