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COMMUNITY WIND ACT WOULD EXPAND INVESTMENT TAX CREDIT

Monday, October 24, 2011 - 7:00AM

Sens. Al Franken, D-Minn., and Jon Tester, D-Mont., on October 20 introduced legislation to expand the small wind investment tax credit (ITC) to projects with capacity up to 20 megawatts (MW). S. 1741, the Community Wind Act, expands the turbine-based ITC to wind projects and does not restrict turbine size. According to a summary of the bill, projects that qualify for the ITC under S. 1741 would no longer qualify for the production tax credit (PTC).
 

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