Got Wind?

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Neal Daney, Director, Projects & Asset Management

The clock continues to tick to be eligible for a full value Production Tax Credit (PTC) wind project.  With the PTC’s, especially full value, wind developers are able to offer very competitive pricing terms.  The phase-down schedule is as follows:

 

  • Wind projects that started construction in 2015 and 2016 receive a full value PTC of 2.4 cents per kilowatt hour.
  • For projects that began construction in 2017, the credit is at 80% of full value.
  • In 2018, 60% PTC value and in 2019, 40% PTC.

 

The KMEA staff has identified an existing wind project that has full value PTC’s and competitive long-term pricing.  If you are interested in renewables or interested in a low cost energy hedge for a portion (5-20%) of your communities load, it is not too late to participate.