Tuesday, April 1, 2014

Why is wind power popular in United States?

Wind power is not just popular in United States because of its "clean energy" tag though of course replacing fossil fuels fired plants with wind turbines helps offset harmful greenhouse gas emissions that contribute to climate change.

Wind power is also a major economic factor in almost all of US states, the one that gives economy push to further develop in form of new investments and of course new jobs. It has been reported that US wind power industry supported approximately $25 billion in private investment last year.

As already mentioned above, wind industry creates new well paid jobs. The latest reports suggest that there are currently more than 80,000 people in United States directly employed by the US wind power industry.

In 44 out of 50 US states there is at least one wind manufacturing facility, meaning that not everything connected with wind turbines comes from China, as some still believe, but on the contrary that US wind power industry is also focusing on domestic manufacturing.

The states that have significant share of wind power in their energy portfolio have ripped many benefits, the most important being lower electricity prices.

Wind power costs are constantly dropping as wind is becoming increasingly competitive with fossil fuels, in fact in the last four years wind power prices have declined by approximately 43%.

Having said all this, it comes to a very little surprise that plenty of Americans support wind energy and want to see more of it in years to come. The latest poll conducted by Navigant research showed that 72% of Americans support wind energy. There is a good chance that Production tax credit as well as Investment tax credit will soon be extended.

Production Tax Credit and the Investment Tax Credit
Read more at http://cleantechnica.com/2014/04/01/wind-power-widely-supported-americans/#hDAA6Q8M4V6pVx8j.99
Production Tax Credit and the Investment Tax Credit
Read more at http://cleantechnica.com/2014/04/01/wind-power-widely-supported-americans/#hDAA6Q8M4V6pVx8j.99

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