Wind Energy Technology

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by Kuberan Naganathan

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by Amy Clements

"PTC" Produciton Tax Credit

Allowed to expire in december

Discourage Private investments in the industry

Hinder developments in the industry

increase costs

Remove the 2.2 cent per killowatt tax credit

Increase cost of energy

Reduce demand

Hinder the expansion of the industry as a whole

Prevent new developments

Increase the number of layoffs in the the industry

Increas unemployment

Negative effects on economy

Voted to renew in December

Continuation of 2.2 cent per Kilowatt tax credit

Lower prices and continued affordability

Allow for the continued evolution and expansion of the industry

New developments and lower prices

Bring more private investment for new industry projects

Continued funding for research and development of the industry

Promote the creation of new jobs

New jobs would boost local economies