However, the economic downturn and its impact on credit markets and profitability in the investment community now threaten to sharply reduce investments in wind energy facilities in 2009 and reverse the recent trend of very strong growth.
In order to get through this temporary downturn, the key federal incentives for renewable energy - the production tax credit (PTC) and the accelerated depreciation association with wind farms - need to be restructured so they work when few investors are making profits and have little need for tax credits.
Please contact your Members of Congress and urge them to restructure tax credits for renewable energy so they will work to deploy wind energy projects even during the economic downturn and to extend the PTC to provide additional stability to the industry.
A draft letter for you to send to your Members of Congress will appear when you enter your zip code.