WindAction Editorials filed under Taxes & Subsidies from USA

Wind Growth after PTC Expiration

The US Treasury estimates the PTC will cost taxpayers $40.12 billion in the period from 2018–2027, making it, by far, the most expensive energy subsidy under current tax law. ...After billions in public hand-outs, the wind industry has never been able to stand on its own and there’s no reason to believe this will change. Tax credits are now a required component of the industry’s economics. The outcome of an expired PTC is evident: wind installations will crawl to a near stop.
5 Oct 2018

U.S. Tax Priorities Sack Big Wind

The Senate bill should serve as the PTC/ITC blueprint for the final bill. Any changes recommended by the conference committee should be addressed swiftly and fall within the envelope of the Senate bill. This is an important step, but only first step, toward a level-playing-field between electrical energies that will, longer term, improve grid reliability coast-to-coast, border-to-border.
7 Dec 2017

GOP Tax Plan Resets Big Wind

Big wind’s complaint that the language reneges on a previous deal is entirely unfounded. The so-called ‘deal’  AWEA is trying to preserve … was a backroom negotiation between industry and Obama-era IRS lawyers to craft guidance that went well beyond the statute. Congress is finally taking corrective action. ...[T]he GOP tax bill is headed in the right direction on wind energy development. But if the goal was to simplify tax legislation, the GOP should go further and repeal the PTC altogether.”
10 Nov 2017

Wind PTC: Excessive Benefit Demands Repeal

Ptc_1992-2016_thumb Market conditions back in 1992 no longer exist. Big wind no longer needs the Production Tax Credit, and certainly cannot justify the extraordinary benefits received [3.5¢/kWh pre-tax]. Retaining the subsidy in light of lower installation costs and increased production serves only to further distort the market and bestow a bounty on big wind that far exceeds what 1992 lawmakers could ever have envisioned.
4 Nov 2017

http://www.windaction.org/posts?location=USA&per=5&topic=Taxes+%26+Subsidies&type=Editorial
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