Meaning Production Tax Credit
What does Production Tax Credit mean? Here you find 3 meanings of the word Production Tax Credit. You can also add a definition of Production Tax Credit yourself
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Production Tax CreditThe wind speed at which a wind turbine reaches its nameplate-rated level of power production. For most small wind turbines, this is around 30 to 35 miles per hour.
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Production Tax Creditis currently available to a variety of renewable energy technologies, including wind and geothermal. The PTC is paid out to a project owner on cents/kWh, and therefore the payment is dependent on how much electricity (or power?) the system produces.
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Production Tax CreditIn the United States, a tax credit is granted to companies that generate energy from renewable sources such as wind power. The federal government currently offers a tax credit of 2.0 cents per kilowatt-hour for the first ten years of a renewable energy facility's operation.
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