FIGURE 6.1 Impacts of the PTC on the price of wind power compared to costs for natural-gas-fired electricity.

FIGURE 6.1 Impacts of the PTC on the price of wind power compared to costs for natural-gas-fired electricity.

Source: Wiser, 2008.

through 2013. Because of concerns that the current slowdown in business activity will reduce the capabilities of projects to raise investment capital, the ARRA allows owners of nonsolar renewable-energy facilities to elect a 30 percent investment tax credit rather than the PTC. Figure 6.1 shows the impact of the PTC on the price of wind power versus that of natural-gas-fired electricity, though it should be noted that other current electricity sources, such as coal, hydropower, and nuclear, have lower operating costs than do natural gas combined-cycle plants.



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