Wind Renewable Energy Production Tax Credit Remains 2.5 Cents per kWH for 2020

Thursday, May 14, 2020 - 10:15am

The production tax credit (PTC) for electricity produced by wind will remain 2.5 cents per kWH in 2020, according to a notice published by the Internal Revenue Service. The IRS notice specifies that the PTC for wind–as well as closed-loop biomass and geothermal energy–stay at the same level as 2019. The notice includes PTC amounts for various other sources of energy.