The Production Tax Credit: Getting More Credit Than It's Due?
factored in. But the cost of wind power investment has come down considerably over the last 10 years and is now quite competitive with coal, nuclear, and natural gas fired generators. Cost reductions have come from volume discounts, and improvements in production efficiency gained through volume production and the application of improvements in technology from research and development.
With tighter controls on emissions, increased difficulty in gaining permits for conventional generation such as coal and nuclear facilities, and decreasing investment cost for wind power, the PTC is likely to provide greater incentive for many utilities and merchant power producers to choose wind power than it did in the 1990s. However, as our analysis indicates, the real boost to investment in wind power is likely to come from market driven demand from green power programs, state mandates, and reductions in purchase price provided by investment tax exemptions and low-cost loans.
- Those states include Alaska, California, Colorado, Hawaii, Illinois, Iowa, Kansas, Maine, Massachusetts, Michigan, Minnesota, Montana, Nebraska, Nevada, New mexico, New York, North Dakota, Oregon, Pennsylvania, South Dakota, Tennessee, Texas, Vermont, Washington, Wisconsin, and Wyoming.
- Those states include Arizona, Connecticut, Hawaii, Illinois, Iowa, Maine, Massachusetts, Minnesota, Nevada, New Jersey, Pennsylvania, Texas, and Wisconsin.
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