A letter to the House has been sent by the Governor’s Wind Energy Coalition group, together with the chairman, vice-chairman, and former chairman requesting for the approval of a multi-year extension of the Production Tax Credit (PTC) and the Investment Tax Credit (ITC).
According to the Wind Energy Coalition, Production Tax Credit and the Investment Tax Credit are both important in continuing the use of wind electricity. Currently, there is a two-year PTC and ITC extension that already exists in the bipartisan Senate EXPIRE Act.
The Wind Energy Coalition’s letter also indicates that certain states lead in the production of wind energy as being used to generate electricity.
Wind Energy Coalition outlines best performer states in U.S
In South Dakota, 26% of the state’s power is generated from the wind. In the state of Washington, an additional 2,800 MW wind energy has been added from the year 2001 through to 2012.
The state of Oregon as well, has generated over 12% of electricity from the wind. Iowa also gets 27% of their electricity generated from wind energy, wherein MidAmerican Energy was able to make the largest capital investment as noted in the state’s history. A wind farm in Iowa has the capacity to add more than $2 billion to the state’s economy.
With good federal policy, supportive state policies, and continuous support of the private sectors in the different states, there is certainly a positive outlook for the future.
Renewable energy prices on the decrease across America
Several US states are currently seeing fossil fuel electricity prices escalate to as much as 8%. However for the states that generate their own electricity through the use of renewable energy, electricity prices have instead decreased in the past half decade.
The Wind Energy Coalition urges the White House to help in seeking the approval of the multi-year extension as it is a good use of taxes and would only seek to benefit everyone in future. With the Congress being supportive of domestic energy bills in the past, the support of the White House is something that the Wind Energy Coalition are hoping to rely on.
A letter to the House has been sent by the Governor’s Wind Energy Coalition group, together with the chairman, vice-chairman, and former chairman requesting for the approval of a multi-year extension of the Production Tax Credit (PTC) and the Investment Tax Credit (ITC).
According to the Wind Energy Coaltion, Production Tax Credit and the Investment Tax Credit are both important in continuing the use of wind electricity. Currently, there is a two-year PTC and ITC extension that already exists in the bipartisan Senate EXPIRE Act.
The Wind Energy Coalition’s letter also indicates that certain states lead in the production of wind energy as being used to generate electricity.
Wind Energy Coalition outlines best performer states in U.S
In South Dakota, 26% of the state’s power is generated from the wind. In the state of Washington, an additional 2,800 MW wind energy has been added from the year 2001 through to 2012.
The state of Oregon as well, has generated over 12% of electricity from the wind. Iowa also gets 27% of their electricity generated from wind energy, wherein MidAmerican Energy was able to make the largest capital investment as noted in the state’s history. A wind farm in Iowa has the capacity to add more than $2 billion to the state’s economy.
With good federal policy, supportive state policies, and continuous support of the private sectors in the different states, there is certainly a positive outlook for the future.
Renewable energy prices on the decrease across America
Several US states are currently seeing fossil fuel electricity prices escalate to as much as 8%. However for the states that generate their own electricity through the use of renewable energy, electricity prices have instead decreased in the past half decade.
The Wind Energy Coalition urges the White House to help in seeking the approval of the multi-year extension as it is a good use of taxes and would only seek to benefit everyone in future. With the Congress being supportive of domestic energy bills in the past, the support of the White House is something that the Wind Energy Coalition are hoping to rely on.
