Saturday, May 18, 2013

Latest local news, weather and high school sports from Amarillo

Wind tax credit set to expire
Posted: 09.17.2012 at 2:28 PM
0

The Production Tax Credit, or PTC is set to expire this December, causing the future of wind farms to be uncertain.

PTC has long provided tax credits to wind projects that create clean, renewable energy. As of right now, manufacturers are being discouraged from investing in wind farms  facilities in the US.

However, any turbines up and operational before the December 31st cut-off will be grandfathered in, causing a massive windmill race.

"We need to remember that we've got hundreds and hundreds and hundreds of wind turbines," said Arthur Schneider, Director of Renewable Energy at Amarillo College. "We're approaching 1,000 pretty soon here in the Texas Panhandle."

Schneider agrees that though the PTC needs to be renewed, the wind tech profession is still a profitable career to chase.

"Right now they're might be a slight dip," said Schneider. "But a student who's interested in being a wind tech, this is a good job, it's oudoors, it's very challenging physically, but the pay is very good."

Popular Stories
Thumbnail
Pronews 7 hopes to give away Powerball jackpot
Yesterday at 2:03 PM  |  22 comments
Thumbnail
Discovery Center hosts After Dark series for adults
Andrea Flores  |  Yesterday at 4:41 PM
Panhandle Spirit: "Special needs" means very special boy
Steve Myers  |  Yesterday at 11:55 AM
Follow Connect Amarillo
Get news and weather notifications on your phone by downloading the iPhone or Android app below
Sign up to get alerts and updates for breaking news, severe weather, and deals:
submit
ADVERTISEMENT
Special Features
Money Talks
Get money tips from expert Stacy Johnson
Featured Sponsors
Valuable information from our experts
Medical Breakthroughs
Medical daily news
ADVERTISEMENT