Business Network for Offshore Wind Critizies U.S. Congress

Investment Tax Credit for offshore wind turbines left out of initial tax package from House Rules Committee

It is imperative that Members of Congress add a five-year extension of the 30% Investment Tax Credit (ITC) to build more wind turbines offshore, along with the extension of the Production Tax Credit for land-based wind energy, to a proposal that emerged from the House Rules Committee this morning.  “If the Investment Tax Credit for offshore wind is added in the final federal budget, Congress will unleash a trillion dollars of investment in a new American industry,” said Liz Burdock, CEO & President of the Business Network for Offshore Wind, the leading nonprofit advocate for offshore wind energy at the state, federal, and global... ... More: Official Press Release Business Network for Offshore Wind

Keywords:

USA, Congress, opportunity, tax, offshore, tax credit, House Rules Committee, extension, ITC