Save Your Breath! Protect Wind Energy
December 11, 2012 
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On January 1st 2013, it will become significantly more expensive for energy producers to invest in wind energy, along with other renewable energy sources. While we have mainly been focusing on the ways in which the “fiscal slope” that our economy is set roll down at the end of the month will effect the most vulnerable in our society, we can also expect that the Production Tax Credits (PTC) for renewable energy sources will expire if Congress fails to reach an agreement by the new year. In anticipation of the worst-case scenario, the energy industry has been slowing its investments in wind energy, among other things, until they know the fate of the tax credit.
The Coalition for the Environment and Jewish Life (COEJL) and the RAC are organizing Jews across the country to tell their Representatives and Senators to support the continuation of the Production Tax Credit and, thus, further the adoption of renewable energy. Please take a minute to send a note to your congressperson and senators encouraging them to support the Production Tax Credit.
Let’s not throw the renewable energy industry off the fiscal cliff in hopes it will somehow fly.
Image Courtesy of GlobalWarming.org.
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[...] is far from the decisive renewal that could have been. As you may recall, investment in wind energy significantly declined in the months leading up to the end of the year as uncertainty over the fate of the production [...]
[...] The rather unfortunate side of these numbers from FERC is found in the breakdown. 77% of new renewable energy capacity came from wind energy, which is at risk of loosing its critical tax deduction just as it is gaining traction as an alternative to coal and other fossil fuels. This means that, despite this huge surge in wind generation over the last year or two, it may stall out at the end of the month. [...]