Wind Power Tax Credit Extended

The production tax credit for U.S. wind energy production has been extended to the end of 2021.

The credit, which brings down the cost of building large-scale wind farms, got a last minute reprieve from Congress at the end of 2020. The credit will be available to companies at the previous levels, if they begin construction by December 31. 2021.

The U.S. Energy Information Administration expects 12.2 gigawatts of wind capacity to come on line in 2021. The bulk of that new capacity is not expected until December.

A total of 21 GW of new capacity was expected to have been added to the grid at the end of 2020. That is a record for wind installations in the United States.