in News Departments > Policy Watch
print the content item

Thirty members of the House Sustainable Energy and Environment Coalition (SEEC) have sent a letter to the Internal Revenue Service (IRS) and the U.S. Department of the Treasury, encouraging them to act swiftly in issuing guidance to clarify the eligibility qualifications for the wind energy production tax credit (PTC).

After the PTC language was changed to allow projects to qualify for the tax credit if they start construction before Jan. 1, 2014, rather than begin operation before that date, the industry has been awaiting further guidance from the IRS and the Treasury on what it technically means to begin construction.

In their letter, the committee members urged the agencies to act swiftly on the issue.

“Because the PTC has been extended for one year only, it is imperative that you work to clarify the specific criteria that will define the commencement of construction as soon as possible,” they wrote.

Rep. Ed Perlmutter, D-Colo., an SEEC member, stressed that the guidance is necessary to provide certainty to the wind energy industry.

"The PTC is important to the wind turbine manufacturers, but also to all the small businesses along the supply chain and the farmers and landowners who want turbines on their property,” Perlmutter says. “Clarifying the rules to ensure the PTC applies to those projects that are ‘commenced construction’ in 2013 will provide the certainty for these businesses to invest in the future and maintain and create thousands of good-paying, private-sector jobs in Colorado and throughout the country.”

The full text of the letter is available here.


Mortenson Construction_id2024

Trachte Inc._id1770
Latest Top Stories

Canadian Wind Industry Urges For More Federal Support

The Canadian Wind Energy Association says the country's federal government, once a big industry supporter, should again back wind power.


Wind And Solar Helped California Grid During Challenging Summer

According to the California Independent System Operator, the state suffered from heat waves and drought this year, and wind power played a "significant role" in keeping the lights on.


Recapping The Wind Industry's Third-Quarter Deals

Mercom Capital Group recaps investment and merger and acquisition activity during July, August and September.


Yearly Installed Capacity Figures Already Beat 2013 Numbers, More Wind On The Way: AWEA

While the American Wind Energy Association (AWEA) lobbies Congress to extend the production tax credit, the association notes wind projects now under construction signal a vibrant 2015.


Yahoo Inks Contract To Buy Kansas Wind Power

The Internet company plans to log in to the Alexander wind project, which is being built by community developer OwnEnergy.

Hybrid Energy Innovations 2015
BG 2015DblBox_id2032
Renewable NRG_id1934