OGW Energy Resources advocates for the timely extensions of the renewable energy Production Tax Credit and Investment Tax Credit. The Production Tax Credit expired at the end of 2014, and the Investment Tax Credit is set to drop from a 30 percent credit to 10 percent for commercial properties at the end of 2016, while the residential credit would completely expire.
The expiration of the Production Tax Credit and Investment Tax Credit poses a particular threat to the 73,000 Americans employed in the wind industry and the 174,000 employed in solar. We’ve notified our Congressmen to work on tax extender legislation that addresses these issues. We ask that you consider doing the same. Thank you.