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Extension of federal wind power tax credit makes sense

by The Oklahoman Editorial Board Published: February 26, 2012

How much of this growth would have occurred without the tax credit is impossible to say. For sure, the lack of a tax credit would have affected other states as well, but most of those states have renewable energy mandates (Oklahoma does not), which tend to boost wind power development, Bode told The Oklahoman's editorial board last week.

Oklahoma is blessed with an abundance of natural resources that can be used to run vehicles, heat homes and make electricity. For most of the years since statehood, wind power was confined to the devices on farms that pulled up water for stock tanks.

Not anymore. The share of power made from wind in Oklahoma was 5.1 percent in 2010. That figure has been growing by the year as new turbines are added and transmission facilities are improved.

Official state policy is to encourage wind power development rather than mandate it. We think that's best, but we also think the production tax credit deserves another term. At some point, the industry will need to stand on its own. As an emerging and vital industry, however, wind power needs the investment boost that would result from extending the tax credit.

by The Oklahoman Editorial Board
The Oklahoman Editorial Board consists of Gary Pierson, President and CEO of The Oklahoma Publishing Company; Christopher P. Reen, president and publisher of The Oklahoman; Kelly Dyer Fry, editor and vice president of news; Christy Gaylord...
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