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.