On April 11, the IRS announced an inflation adjustment increase in the production tax credit (“PTC”) for power sold in 2017 that is generated by wind, closed-loop biomass, geothermal projects to 2.4 cents from the prior 2.3 cents per kWh.  The inflation adjustment announcement will be published in the Federal Register on April 12.

Such inflation adjustments are welcomed news when announced and slightly goose the economics of the pertinent projects.  
Continue Reading Wind PTC Increased from 2.3 Cents to 2.4 Cents per kWh