Articles filed under Taxes & Subsidies from USA

Lawmaker proposes to change how N.D. wind energy tax revenue is distributed

Currently, all of North Dakota’s wind energy tax revenue stays with counties ...“You heard last session from a number of legislators that thought that wind was getting a free ride,” Brandenburg said. A bill he plans to introduce when the legislative session starts in January would keep two-thirds of wind energy tax revenue in the counties that produce the energy and send one-third to the state general fund.
15 Aug 2018

County IDA asked to repeal PILOT for Ball Hill wind project

Mark Twichell, DDS, of Fredonia has reached out to Mark Geise, CEO of the Chautauqua County Industrial Development Agency, to ask him to repeal the approved PILOT (payment in lieu of taxes) agreement for the Ball Hill wind project. ...Twichell expressed his concern that wind company RES’ proposal to use larger machines constitutes a different project than that which was originally negotiated. 
8 Aug 2018

Wind farm agrees to pay

A payment in lieu of taxes agreement signed Tuesday by county commissioners will yield an annual donation of $900 per megawatt to the county but will be adjusted for money the wind farm pays in expenses. “The county will receive at least $100,000 per year."
2 Aug 2018

Offshore wind prices look competitive

The Vineyard Wind project is split into two, 400-megawatt phases, with the first phase scheduled for completion by January 15, 2022, and the second phase by January 15, 2023. The price for energy and the environmental attributes (called renewable energy credits) starts at 7.4 cents a kilowatt hour in phase one and 6.5 cents a kilowatt hour in phase two. The prices escalate at 2.5 percent a year over the 20-year life of the contract, with an average blended cost of 8.9 cents a kilowatt hour.
2 Aug 2018

Future uncertain for Alle-Catt Wind Farm tax breaks

“I think the board would have to take a sincere look at the whole project to see if it were truly wanted at the local level,” Wiktor said. “It’s an issue the IDA will have to face. It’s going to come down to what do they hear in terms of local support and opposition.” With Article 10, a project could be approved with limited or no local support.
27 Jul 2018

Wind farms for the Jersey shore — State outlines a critical rule

Offshore-wind developers are pressing the BPU to begin accepting applications before the end of the year, fearing that if the state does not move swiftly, they will not be able to qualify for lucrative federal tax credits. The credits expire at the end of 2019 and developers need to start spending big dollars on their projects before then or they will not qualify for the incentives.
26 Jul 2018

Debate in Concho County exposes issues with Chapter 312

There’s a growing body of research that highlights the negative effects of tax abatements granted for renewable energy under Texas Tax Code Chapter 312 and 313. Among the effects are the harm to the reliability of the electric grid, the hidden cost to Texans via taxes, and the unfortunate experiences of those who live next to large wind farms.
26 Jul 2018

A sharp slap of reality

The payments from Maple Ridge will decline, and the payments from proposed future projects — Number Three, Deer River and Copenhagen — will not come close to matching the revenue from the county’s first wind project. The county should quickly tell Avangrid that its first PILOT will be its last, and that Lewis County won’t continue to subsidize its healthy profits.
20 Jul 2018

http://www.windaction.org/posts?location=USA&p=2&topic=Taxes+%26+Subsidies&type=Article
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