Rep. Cole part of bipartisan bill to extend distributed wind credit

 

 

Oklahoma Rep. Tom Cole joined Oregon Democrat Rep. Earl Blumenauer on Friday in introducing a bill to extend the small wind investment tax credit.

Their  Rural Wind Energy Modernization and Extension Act would nix the existing 100-kilowatt nameplate limitation for small wind systems and expand the maximum wind turbine size to 10 megawatts.

The measure — meant to help offset the up-front costs of owning a distributed wind turbine — would also change the definition of small wind to “distributed wind energy property” and extend the investment tax credit for five years.

“Federal policy to promote deployment of distributed wind has failed to keep up,” Blumenauer said in a statement to ME. “Our new bipartisan legislation will provide stability and certainty for the distributed wind market and unlock the necessary investment to grow our global leadership role in distributed wind power, while helping Americans take advantage of clean, renewable, affordable power.”

Source: POLITICO

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