
Several U.S. Representatives have banded together to introduce a bill that would extend the federal tax credit for production of green energy.
U.S. Rep. Earl Blumenauer of Oregon joined Rep. Dave Reichert of Washington in an effort to extend the tax credit for production of wind power, geothermal power, hydropower and other forms of renewable energy.
The bill they plan to introduce, called the "American Renewable Energy Production Tax Credit Extension," calls for the extension until 2016.
"Extending the (production tax credit) will keep growing U.S. wind energy manufacturing jobs, rather than losing them to other countries," said Denise Bode, CEO of the American Wind Energy Association.
According to Sustainable Business Oregon, allowing the renewable energy tax credit to end would prove detrimental to electricity-generating sustainable technologies, which are more costly than conventional power.
The American Recovery and Reinvestment Act allows eligible developers to receive federal renewable electricity production tax credits, to take the business energy federal tax credit or to take a grant from the U.S. Department of Treasury.

