The wind energy industry is rapidly expanding in our nation. In 2012, wind installations increased by 90 percent over the previous year. And, because more wind power is available, the average price of a wind power purchase agreement down to half of what it cost in 2009. This lower cost and increased availability made our nation the global leader for annual wind-energy capacity in 2012. Federal tax incentives, and state and federal policies that promote renewable energy played a major role in the success of wind-energy, and led to a boost in domestic manufacturing.
According to the Department of Energy, we're building more wind farms, but importing much less wind turbine equipment. More of that equipment is being manufactured here in the U.S., providing good-paying jobs for our fellow citizens. All-in-all, wind energy is very profitable for the renewable energy industry, and it's very good policy for our nation. New jobs, cleaner energy, and cheaper electricity prove that good science is also good business.