Full Title: Using the Federal Production Tax Credit to Build a Durable Market for Wind Power in the United States
Author(s): R. Wiser, M. Bolinger, and G. Barbose
Publisher(s): USDOE LBNL
Publication Date: November 1, 2007
Full Text: Download Resource
Description (excerpt):
Despite the significance of the PTC for renewable energy, and the fact that Congress is currently considering a longer-term extension of the incentive, relatively little effort has been made to evaluate the impacts and effectiveness of the PTC, or to assess the benefits of a longer-term extension of the policy. The purpose of this article is to make some modest strides in this direction by reviewing developments with the PTC over time, assessing its impact on the wind power market, highlighting the potentially positive implications of a longer-term extension of the PTC, and discussing some possible changes to the design of the PTC that might help overcome some of the limitations of the incentive as it is presently structured.