Opinions
The money for these subsidies will, of course, come from you and me, through our federal taxes and from add-ons by the state to our electric bills.
If the wind farm is built as planned, the developer could get about $30 million per year in federal tax credits, and $50 million a year in Massachusetts "green credits." If these subsidies were not available, the Cape Wind farm would not be built.
If a wind farm were going to solve our energy problems, one could argue that all this was worth it. But the Cape Wind proposal is only a drop in the bucket, to produce only about one-quarter of the energy of just one medium-size fossil or nuclear plant.
These "renewable" power sources are not even close to economical, and they are kept alive only by millions in government subsidies.
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