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Tax Credits for Onshore Wind Turbine Component Manufacturing in USA

This act introduces new tax credits for companies manufacturing onshore wind turbine components in the United States. The goal is to support domestic production and create jobs in the renewable energy sector. Citizens may indirectly benefit from the growth of green energy and potentially lower energy costs in the future.
Key points
Companies investing in onshore wind turbine component manufacturing in the U.S. can receive a 30% tax credit on their qualified investment.
Companies producing onshore wind turbine components in the U.S. can receive a tax credit for each component produced, depending on its type and the turbine's rated capacity.
The act requires that all laborers and mechanics involved in manufacturing these components be paid no less than prevailing local wages.
The tax credits will gradually phase out after 2028 and fully terminate after 2030.
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Expired
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Additional Information
Print number: 117_S_2909
Sponsor: Sen. Bennet, Michael F. [D-CO]
Process start date: 2021-09-30
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Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Onshore Wind American Manufacturing Act of 2021

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_S_2909.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2021-09-30.

What are the main provisions?

Key points include:

  • Companies investing in onshore wind turbine component manufacturing in the U.S. can receive a 30% tax credit on their qualified investment.
  • Companies producing onshore wind turbine components in the U.S. can receive a tax credit for each component produced, depending on its type and the turbine's rated capacity.
  • The act requires that all laborers and mechanics involved in manufacturing these components be paid no less than prevailing local wages.
  • The tax credits will gradually phase out after 2028 and fully terminate after 2030.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Sen. Bennet, Michael F. [D-CO].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-29.

CATEGORIES

Taxes Economy Environment