Wind power capacity in the United States continued to experience strong growth in 2017. Recent and nearterm additions are supported by the industry’s primary federal incentive—the production tax credit (PTC)—as well as a myriad of state-level policies. Wind capacity additions have also been driven by improvements in the cost and performance of wind power technologies, yielding low-priced wind energy for utility, corporate, and other power purchasers. The prospects for growth beyond the current PTC cycle remain uncertain, however, given declining tax support, expectations for low natural gas prices, and modest electricity demand growth.
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