In rural Michigan, the Production Tax Credit is supporting economic growth, and is helping one community rebuild a town "that had been dying."
The PTC drives energy diversity by allowing developers to secure private financing for wind projects and bring them to completion. If wind energy is to be part of America's energy mix, we must extend the PTC. With the PTC's financing support, and wind power's free supply of fuel, utilities and consumers see that wind power guarantees long-term stable electricity prices and are choosing to grow wind power in their electricity portfolios.
In fact, wind provided 35% of all new U.S. power capacity in the last five years.