Wind Wins Again
The federal Production Tax Credit (PTC) for wind energy was allowed to expire at the end of 2013. Wind energy investors were hardly blown away by the ending of the incentive program as production credits have expired several times in the past only to be extended sometime during the following year. To the surprise of very few, the wind energy Production Tax Credit was extended in early April, which will help to support clean wind energy, which has become unnecessarily dependent on federal incentives for at least another two years.
Dependence on subsidies
Though not seen all across the U.S., wind energy is growing, and has accounted for almost one-third of new power capacity in the U.S. over the past five years. Wind power has been shown historically to depend on support from the Production Tax Credit (PTC), and though the cost of wind power has been steadily dropping over the past half-decade, it still appears to be heavily reliant on government incentives.
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The article Wind Wins Again originally appeared on Fool.com.Shamus Funk has no position in any stocks mentioned. The Motley Fool recommends Berkshire Hathaway and Google (C shares). The Motley Fool owns shares of Berkshire Hathaway, General Electric Company, and Google (C shares). Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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