Climate Changed
U.S. Wind Power Slows Thanks to Tax Policy Meant to Boost It
- Turbine installations in 2017 fell 14% to 7 gigawatts
- Congress extended tax credit, easing pressure on developers
Photographer: Chris Ratcliffe/Bloomberg
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U.S. wind-power installations dipped for the second consecutive year in 2017, thanks to tax policies aimed at boosting the use of clean energy.
Got that? Congress extended in late 2015 a key tax credit for wind. The new timeline let developers qualify for the full benefit with projects that begin construction by the end of 2016; the prior rule had applied to wind farms that began work by the end of 2014.