Now that the Production Tax Credit has been extended, many developers are seeking clarification on what the changes to the legislation’s language mean for their projects and future development plans.
To qualify for the PTC, projects must begin construction – rather than enter operation – by Jan. 1, 2014. The change in language was welcomed by many developers, which are now afforded more time to complete their projects. However, the new language also introduced a number of questions, such as what it technically means to begin construction.
The American Wind Energy Association (AWEA) is seeking to clear up some of this confusion. Although some of the details are still up in the air, AWEA is currently working with congressional leaders and other stakeholders to quickly attain answers for the industry, the association said at a recent webinar. Read more about PTC language clarifications.