A person walks past pump jacks operating at the Kern River Oil Field in Bakersfield, California, on January 16, 2015. Source: AP/Jae C. Hong
Washington, D.C. —(ENEWSPF)–May 26, 2016. Last year, Congress decided to phase out the investment tax credit, or ITC, and production tax credit, or PTC, for renewable energy over the course of several years. These tax credits have been useful in promoting the implementation of clean, renewable energy infrastructure. However, with…







