The US Wind Industry – Production Tax Credit Extension Fuels it Again
Summary
Production Tax Credit (PTC) is one of the most important renewable support policies in the US and it has transformed the country into one of the leading wind power countries. However, one of the issues associated with PTC in the US is that it has a short term approach. Since its inception in 1992, PTC has expired five times, including the expiration on December 31, 2012. Every expiry of PTC has been followed by a sharp decline in the annual capacity additions growth rate in the US. The Congress extended the PTC for wind temporarily up to December 31, 2013 as a part of the fiscal cliff bill. The industry is still skeptical about the impact of the extension of PTC on the wind industry.
Scope
- The report analyses the impacts of Production Tax Credit (PTC) extension on wind industry in the US.
Reasons to buy
- The report makes reader understand the impacts of Production Tax Credit (PTC).
Summary
Production Tax Credit (PTC) is one of the most important renewable support policies in the US and it has transformed the country into one of the leading wind power countries. However, one of the issues associated with PTC in the US is that it has a short term approach. Since its inception in 1992, PTC has expired five times, including the expiration on December 31, 2012. Every expiry of PTC has been followed by a sharp decline in the annual capacity additions growth rate in the US. The Congress extended the PTC for wind temporarily up to December 31, 2013 as a part of the fiscal cliff bill. The industry is still skeptical about the impact of the extension of PTC on the wind industry.
Scope
- The report analyses the impacts of Production Tax Credit (PTC) extension on wind industry in the US.
Reasons to buy
- The report makes reader understand the impacts of Production Tax Credit (PTC).
1.1 List of Tables 1
1.2 List of Figures 1
2 Summary 1
3 The US Wind Industry – Production Tax Credit Extension Fuels it Again 1
3.1 Extension of Production Tax Credit – History Repeats with Modification 2
3.2 PTC Extension Provides a Short Term Boost for the Wind Power Installation in the US 2
3.3 Cost of Subsidies Falls on Federal Taxpayers 3
3.4 Uncertainty of Employment Will Prevail in Wind Turbine Manufacturing Despite PTC Extension 3
3.5 Anticipation of PTC Phase-out Led to Lay-offs and Slowdown in Industry in 2012 3
3.6 PTC – The Main Driver for Capacity Addition in Past 4
3.7 Future of US Wind Industry – Investors with Fingers Crossed 4
4 Appendix 5
4.1 Abbreviations 5
4.2 Bibliography 5
4.3 Methodology 5
4.3.1 Coverage 5
4.3.2 Secondary Research 5
4.3.3 Primary Research 5
4.3.4 Modeling and Forecasting 6
4.4 Contact Us 6
4.5 Disclaimer 6
1.2 List of Figures 1
2 Summary 1
3 The US Wind Industry – Production Tax Credit Extension Fuels it Again 1
3.1 Extension of Production Tax Credit – History Repeats with Modification 2
3.2 PTC Extension Provides a Short Term Boost for the Wind Power Installation in the US 2
3.3 Cost of Subsidies Falls on Federal Taxpayers 3
3.4 Uncertainty of Employment Will Prevail in Wind Turbine Manufacturing Despite PTC Extension 3
3.5 Anticipation of PTC Phase-out Led to Lay-offs and Slowdown in Industry in 2012 3
3.6 PTC – The Main Driver for Capacity Addition in Past 4
3.7 Future of US Wind Industry – Investors with Fingers Crossed 4
4 Appendix 5
4.1 Abbreviations 5
4.2 Bibliography 5
4.3 Methodology 5
4.3.1 Coverage 5
4.3.2 Secondary Research 5
4.3.3 Primary Research 5
4.3.4 Modeling and Forecasting 6
4.4 Contact Us 6
4.5 Disclaimer 6
1.1 List of Tables
Table 1: Production Tax Credit (PTC) for Various Technologies as on 1 January, 2013 2
Table 2: Wind Power Market, US, Number of Jobs in Top 5 States, 2011 3
Table 3: Abbreviations 5
Table 1: Production Tax Credit (PTC) for Various Technologies as on 1 January, 2013 2
Table 2: Wind Power Market, US, Number of Jobs in Top 5 States, 2011 3
Table 3: Abbreviations 5
1.2 List of Figures
Figure 1: Cumulative Installed Capacity of Wind Power in the US from 2000 to 2020 2
Figure 2: Wind Industry, The US, Impact of PTC on Annual Capacity Addition (MW) 4
Figure 1: Cumulative Installed Capacity of Wind Power in the US from 2000 to 2020 2
Figure 2: Wind Industry, The US, Impact of PTC on Annual Capacity Addition (MW) 4
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