Thanks To Congress, 2014 Will Bring Uncertainty For The Wind Energy Industry

The U.S. House of Representatives has already gone on vacation back to their districts and the Senate effectively adjourned for 2013 on Friday, meaning that the one-year extension of the Wind Production Tax Credit (PTC) will expire on January 1, 2014.

The PTC is a $0.022 per kilowatt-hour tax credit on the power that new wind farms in the United States generate for the first ten years of their operation. These farms have to be