Tag: production tax credit

Wind energy production tax credit gets 1 year extension

Wind turbines near Lamar, Colorado. Photo courtesy NREL.

Congressional vote may help prevent additional wind energy layoffs in Colorado

By Summit Voice

FRISCO — Surprisingly, and in part because of the persistence of Sen. Mark Udall (D-Colo.), the wind energy production tax credit made it through the federal budget fiasco, gaining approval for a one-year extension that could help protect Colorado’s burgeoning renewable energy industry.

After giving 27 speeches on the Senate floor in support of the tax credit, Udall said the extension  gives manufacturers in Colorado and throughout North America the signal they need to create jobs, make capital investments in the United States, and ensure that wind energy remains a strong part of our national energy strategy, although a one-year extension isn’t likely to spur significant long-term investments.

“The extension of the wind Production Tax Credit is excellent news for workers in Pueblo, Windsor, Brighton and across the country. Thanks to the PTC extension, I am confident the wind industry will be able to create jobs and help revitalize our American manufacturing sector,” Udall said. Continue reading “Wind energy production tax credit gets 1 year extension”