In a statement released with the letter, Rep. Ruiz commented, “Renewable energy is a critical area of economic growth … We have to work together to advocate for renewable energy jobs, domestic manufacturing and American energy independence.”
The wind industry has long advocated for the kind of policy certainty that has been enjoyed by other domestically produced energy sources. While the American wind industry has recently grown at a record pace – an average of 30 percent annually over the last five years—almost no new wind farms were built in the first half of 2013 because of Congress’s delay in extending the federal wind energy production tax credit (PTC). This abrupt slowdown vividly demonstrates the importance of consistent long-term policy.
Wind’s growth has been powered by private investment paired with smart tax policy. Last year was our industry’s best ever, as $25 billion in new investment paved the way for a “bumper crop” of new wind projects.
As a result, wind turbine costs continue to decline–more than 50 percent over the last four years alone–and those savings have been passed on to consumers. In fact, newly built wind generation is now cost competitive with all forms of electricity production, according to the U.S. Energy Information Administration.
Clean, affordable, and homegrown, American wind power is driving economic growth and continuing to earn bipartisan support.
AEA ad on wind power gets fact-check makeover, June 14, 2013
Wind power good for America: Answering a question that's already been answered, April 18, 2013
Koch-funded Institute for Energy Research fails on facts, April 18, 2013
South Dakota legislation provides economic development opportunities, April 18, 2013
Fact check: Tang Energy's Jenevein off target with swipes at wind power, April 2, 2013
Pew: U.S. clean-energy surplus with China attributable to policy, March 14, 2013
DOE official: Wind taking flight in Oregon, February 14, 2013
Fact check: Graybeal story relies on IER, misses facts, January 29, 2013
Fact check: Brookings's Ebinger off target with criticism of wind, January 16, 2013
Reaction to PTC extension generally upbeat, January 8, 2013
Congress extends wind energy tax credits for projects that start in 2013, January 2, 2013
Colorado wind jobs seen hinging on PTC extension, December 31, 2012
Sen. Grassley provides Q&A on PTC, December 28, 2012