Production Tax Credit is key to U.S. energy security
By Nate Sandvig, EDF Renewable Energy
Nate Sandvig, is a veteran of the U.S. Army and a site developer for EDF Renewable Energy in Portland.
As a West Point Army Captain who served in the Infantry, I became accustomed to using state-of-the-art technology and tools. Like many veterans transitioning out of service, I sought job opportunities where my technical skills and leadership experience would allow me to contribute to America's prosperity and security.
That chance came in renewable energy, as a wind developer. While our nation continues to improve the economy, I am fortunate to be in an industry that embraces the innovation, hard work and “if you dream it, you can do it” characteristics that define the American spirit.
I left the service in 2005 after returning from Iraq. After a thorough search with many prospects, I accepted a position as a wind energy developer with a startup renewable energy company. My rationale: I’d rather develop plentiful renewable resources here than get shot at over there.
American wind is a relatively new industry. A federal tax credit for production, the wind Production Tax Credit, or PTC, got the industry on its feet about twenty years ago. Since then, the private sector has invested more than $15 billion a year.
The production-based tax credit based was envisioned as a way to develop a young technology for the benefit of the long-term, as visionaries have done with other innovative programs which have resulted in maintaining our country’s greatness.
In addition to creating 75,000 new wind energy jobs with the PTC, developing new sectors where American can lead is important to our identity and our future stability. What will be our next “man on the moon” without these investments in technology, education and innovation?
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