Renewable energy tax credits making huge impact on U.S. jobs, economy

The Natural Resources Defense Council (NRDC) says federal tax credit extensions for wind and solar power are creating “huge gains” for U.S. employment and the gross domestic product (GDP), nawindpower.com reports. The nonprofit NRDC “analyzed the impact of the tax credits” for wind and solar that Congress extended at the end of 2015. The group published its findings in a report that shows “Ohio will add more than 10,000 jobs in 2018, and the state’s GDP is expected to get a boost of nearly $1.2 billion that year.” Kevin Steinberger, policy analyst in the group’s Climate and Clean Air Program, said, “[g]ood tax policies to boost wind and solar projects are creating new jobs, growing our economy, and providing climate and public health benefits.” For more, read the full article

Renewable Energy, Solar, Wind