Overhaul the Energy Tax-Credit System

Matthew Stepp January 9, 2014
January 9, 2014

Writing in The Hill, ITIF Senior Analyst Matthew Stepp argues that clean energy tax credits, such as the recently expired Production Tax Credit for wind power, no longer supports breakthrough innovation; rather it greatly supports the deployment of existing designs. In its place, Congress should create an Energy Innovation and Manufacturing Tax Credit that provides limited, early-stage deployment support for emerging technologies.