Officials in Iowa’s wind energy industry are concerned the federal government still hasn’t extended the Production Tax Credit — or P-T-C — for wind projects.
Harold Prior, executive director of the Iowa Wind Energy Association, says Senate leaders haven’t included the P-T-C in markup legislation, and that’s a worry since time is running out and Congress is weighed down by other matters like the Farm Bill. Prior says he’s hoping a construction provision in the current Production Tax Credit will buy them time to push into next year for renewing the credit.
Prior says he’s also hearing rumblings about replacing the production tax credit with a limited partnership type of program used by the oil and gas industry. He says while that might work for smaller wind projects, larger ventures don’t favor it.