America needs homegrown energy resources to power the nation and with our economy struggling, we’re in dire need of American jobs. Wind energy delivers in both of these areas. The wind energy industry has lowered the cost of wind power by more than 90%, has fostered economic development in all 50 states, and currently powers the equivalent of over 12 million American homes. The federal Production Tax Credit (PTC) was instrumental in helping the wind industry achieve these breakthroughs. Experts say that if we keep the PTC in place, over 500,000 more jobs will be created in the next 20 years. By then, wind will generate 20 percent of America’s electricity.
The PTC is not a subsidy, but a tax incentive that helps keep electricity rates low and encourages development of proven clean energy projects. The PTC will expire in 2012 unless Congress takes action. Failure to extend the PTC will lead to thousands of job losses and put the brakes on the vast progress we’ve made as a nation toward making clean, affordable, homegrown wind energy part of the U.S. electricity portfolio.
Facing the threat of the PTC expiring, wind project developers are hesitant to plan future U.S. projects and American manufacturers have seen a marked decrease in orders. Job layoffs have already begun. The wind industry is facing the recurrence of the boom-bust cycle it saw in previous years when the PTC was allowed to expire. In the years following expiration, installations dropped by between 73 and 93 percent, resulting in significant job losses.
To Save USA Wind Jobs and the American wind industry, we need your help.