Investment Tax Credit for Offshore Wind Fact Sheet
The Investment Tax Credit (ITC) is a vital component to the development of a wealth of untapped, domestic energy resources. This Fact Sheet provides information on that credit.
Offshore wind has the potential to play a significant role in diversifying America’s energy portfolio. As projects along our coasts begin to secure financing and pass regulatory standards, the expiration of the ITC for offshore wind would cripple the momentum of an industry posed to create good-paying American jobs and clean, renewable energy.
The ITC for offshore wind is an investment in American jobs, American manufacturing and renewable, American energy.