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Bennet, Klobuchar Introduce Legislation to Update, Expand Small Wind ITC

Tuesday, March 9, 2021 - 9:45AM

Sens. Michael Bennet, D-Colorado, and Amy Klobuchar, D-Minnesota, introduced legislation to update and expand the small wind investment tax credit (ITC). The Rural Wind Energy Modernization and Extension Act would strike the 100-kilowatt nameplate limitation for small wind systems and expand the maximum wind turbine size to 10 megawatts, change the definition of small wind to “distributed wind energy property,” and extend the ITC to cover 30% of a project’s costs until 2028 before phasing down to a permanent 10%. A companion bill was introduced in the House by Rep. Earl Blumenauer, D-Oregon.

Federal legislation to expand or enhance the ITC and production tax credit will be among the topics at the Novogradac 2021 Spring Renewable Energy and Environmental Tax Credits Virtual Conference, May 20-21.

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