Articles filed under Taxes & Subsidies from USA

House tax bill extends credits for biodiesel, blender pumps and wind

The House Ways and Means Committee approved a broad tax bill Thursday night that includes an extension of the biodiesel tax credit and incentives for biofuel infrastructure and wind power, but the legislation will face objections in the Republican-controlled Senate. ...The bill would revive extend the $1-a-gallon biodiesel tax credit, blender pump infrastructure credit, and a wind production credit along with several other credits through 2020. 
21 Jun 2019

Wind farm PILOT faces mixed review

On Wednesday, the Steuben County Industrial Development Agency (IDA) held a public hearing to gather comments on a plan to deliver $11.6 million in tax breaks to the Baron Winds Project — a $304 million project of parent company Innogy destined to locate 69 turbines in the towns of Fremont, Cohocton, Dansville, Wayland and Avoca.
21 Jun 2019

Proposed wind farm clears another hurdle

Although the three commission members all voted to approve the agreement, they each acknowledged the risks associated with the wind farm and the uncertainties surrounding the benefits to electric customers. If the price of certificates representing the environmental benefits of renewable energy fails to increase as projected, then the contract could cost consumers in the long run, said commissioner Abigail Anthony. Additionally, much of the savings are expected to come on windy winter days when the wind farm is expected to displace more expensive oil generators or natural gas-burning plants that may charge a premium. If those savings are lower, the net benefits may be too, Anthony said.
29 May 2019

Democrats try to extend wind, solar aid they Aagreed to let die

An extension of the credits would need the backing of Senate Republicans to pass and would represent a bonanza for the solar and wind industries. Rooftop solar installer Solar City Corp. surged 34% after the 2015 deal was announced. BloombergNEF predicted the credits’ extension would lead to $73 billion in new investment and a 56% increase in new wind and solar capacity.
15 May 2019

Berkshire takes tax hit as victim of ‘Ponzi-type’ solar scheme

“In December 2018 and during the first quarter of 2019, we learned of allegations by federal authorities of fraudulent income conduct by the sponsor of these funds,” Berkshire said Saturday in the filing, without naming the sponsor. “As a result of our investigation into these allegations, we now believe that it is more likely than not that the income tax benefits that we recognized are not valid.”
9 May 2019

Huron County turns back on wind farm

“There is no guarantee on how long the wind turbines will last, that being said we chose to have regular taxes paid rather than lower equal payments over the 30 years,” Wilde said. “The difference in the first year would be approximately $1 million and then decrease each year after. But there are variables as to how much they might decrease.”
22 Mar 2019

Wind industry tax protests disrupt school financing

Once the five years of exemptions are over, wind companies have been sending lawyers to county courthouses to file tax protests and lawsuits contending the value of their equipment is worth hundreds of millions of dollars less than the values assigned to them by county assessors. Wind industry representative claim they have good cause for their tax protests. 
10 Mar 2019

Superintendent Ptacek shares thoughts on potential misconception within Lincoln Land Wind ad

"The Jacksonville Journal Courier estimated that Jacksonville Public Schools would get about $75,000 in the very first year. ...When you put that into perspective and look at those dollars compared to annual budgets, we have an annual budget of right around $38 million a year. $75,000 a year I don’t think is enough to make an advertisement that’s saying that the local community is going to benefit at a number of $43.8 million,” Ptacek explains.
14 Feb 2019

Offshore wind project hits rough water in New England

The disagreement over Vineyard Wind’s waiver concerns a technicality in New England’s power markets. The company requested an exemption that would have allowed it to bypass a minimum offer price on subsidized energy resources that participate in the grid operator’s annual markets for reserve power. FERC agreed to a fix proposed by ISO New England that would allow Vineyard Wind to qualify for the exemption in the coming years.
7 Feb 2019

Offshore wind project hits rough water in New England

The disagreement over Vineyard Wind’s waiver concerns a technicality in New England’s power markets. The company requested an exemption that would have allowed it to bypass a minimum offer price on subsidized energy resources that participate in the grid operator’s annual markets for reserve power. FERC agreed to a fix proposed by ISO New England that would allow Vineyard Wind to qualify for the exemption in the coming years.
7 Feb 2019

Offshore wind project hits rough water in New England

The disagreement over Vineyard Wind’s waiver concerns a technicality in New England’s power markets. The company requested an exemption that would have allowed it to bypass a minimum offer price on subsidized energy resources that participate in the grid operator’s annual markets for reserve power. FERC agreed to a fix proposed by ISO New England that would allow Vineyard Wind to qualify for the exemption in the coming years.
7 Feb 2019

Offshore wind project hits rough water in New England

The disagreement over Vineyard Wind’s waiver concerns a technicality in New England’s power markets. The company requested an exemption that would have allowed it to bypass a minimum offer price on subsidized energy resources that participate in the grid operator’s annual markets for reserve power. FERC agreed to a fix proposed by ISO New England that would allow Vineyard Wind to qualify for the exemption in the coming years.
7 Feb 2019

Offshore wind project hits rough water in New England

The disagreement over Vineyard Wind’s waiver concerns a technicality in New England’s power markets. The company requested an exemption that would have allowed it to bypass a minimum offer price on subsidized energy resources that participate in the grid operator’s annual markets for reserve power. FERC agreed to a fix proposed by ISO New England that would allow Vineyard Wind to qualify for the exemption in the coming years.
7 Feb 2019

Offshore wind project hits rough water in New England

The disagreement over Vineyard Wind’s waiver concerns a technicality in New England’s power markets. The company requested an exemption that would have allowed it to bypass a minimum offer price on subsidized energy resources that participate in the grid operator’s annual markets for reserve power. FERC agreed to a fix proposed by ISO New England that would allow Vineyard Wind to qualify for the exemption in the coming years.
7 Feb 2019

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