Rep. Fallon Introduces Rescinding Offshore Wind Tax Credit Act

Washington, DC -- Today, Rep. Pat Fallon (TX-04) introduced the Rescinding Offshore Wind Tax Credit Act , which would disallow the production tax credit and investment tax credit for offshore wind facilities placed in service in the inland navigable waters of the United States or the coastal waters of the United States. "Recent government reports make clear that offshore wind farms threaten military readiness by disrupting radar systems, such as the Cape Cod Space Force Station's early missile detection radar," said Rep. Fallon. "These turbines interfere with threat detection, delay military responses, and hinder Coast Guard operations." Rep. Fallon continued, "Economically, the U.S. risks up to $429.9 billion in tax credits primarily benefiting foreign-based companies, while local industries like fishing, manufacturing, and tourism suffer. High electricity costs will hinder economic growth, and job losses will outweigh new opportunities in the wind sector. Environmental and health risks include pollution, harm to marine life, and potential contamination from turbine failures." "By disallowing tax credits for these projects, we are prioritizing national security, economic health, and environmental preservation," said Rep. Fallon.