Colorado’s diverse energy sector has powered our state’s economy, helping to create thousands of jobs and driving our unemployment rate down to about 3.5 percent. It’s one reason our recovery has outpaced the rest of the nation. Along with the economic benefits, it’s led to greater energy independence, which strengthens our national security. And the advancements in clean-energy technologies are helping us fight climate change.
In December, we were able to give the renewable energy sector more certainty that will allow it to grow. We extended the wind Production Tax Credit (PTC) for five years — its longest extension in two decades. The PTC provides a 2.2 cent credit per kilowatt hour of electricity produced that benefits wind energy producers and the supply chain across Colorado.
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