Letter to the Editor: Wind energy receives fewer tax credits
The wind industry supports more than 73,000 well-paying jobs, including more than 6,000 in Iowa alone. When the tax credit has expired in the past, it has cost the country up to 30,000 jobs. It has also led to a drop in wind projects, which provide economic benefits for surrounding communities through millions of dollars in added tax revenue that can be used to upgrade critical infrastructure such as roads, schools and emergency services. That is why polls regularly show that wide majorities of Republican, Democratic and Independent voters support the tax credit, despite a well-funded campaign against it.
Pyle cites an industry-funded study about Spain’s support for renewable energy that the U.S. and the Spanish governments have rejected as extremely flawed.
Unfortunately, Congress recently allowed the Production Tax Credit to expire once again, creating uncertainty for the wind industry while many other energy sources enjoy permanent tax incentives. Congress should rapidly extend the tax credit for the longest practical period to create a level playing field for wind power to keep scaling up, and let U.S. workers make more of our own energy right here at home.