Abstract
Federal Tax Credit has played an important role in the deployment of clean, renewable energy in the United States. The rapid growth of wind and solar energy has resulted in low priced power generation in the last two decades. The penetration of renewable energy has successfully reduced greenhouse emissions. This paper discusses the implication of production tax credit (PTC) and investment tax credit (ITC) on reduction in cost of wind and solar technology, installed capacity of wind and solar generation, impact on electricity market prices, and change in interconnection rules for renewable generators to provide reactive power support to the grid. The Electric Reliability Council of Texas (ERCOT) market, which has significant penetration of renewable generation is used here to demonstrate some of the findings.
Sign-in/Register to access full text options 
Free) 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a call
