After billions in public hand-outs spanning nearly four decades, big wind has never been able to stand on its own and there's no reason to believe this will change. ...If yanking the handouts causes the industry to flat line then so be it. The US has elected a businessman at the helm who understands what it means to cut your losses. It’s time we did exactly that!
WindAction Editorials filed under Taxes & Subsidies
According to the American Wind Energy Association, more than 15,000 MW of new wind is currently under construction or in advanced stages of development. Under the IRS’ loose rules, the number of MWs eligible for the full subsidy could easily double that. Yet, this change was not subject to public input or any type of budget scoring.
Our representatives know that the PTC is wildly unpopular. They’ve heard all the arguments. ..A stand-alone floor vote on the PTC would have put an end to its nonsense, but Congress preferred instead to coddle this costly giveaway safely in the corpulent folds of other, must-pass extender language.
Contrary to claims about fossil fuel being heavily subsidized for decades, no traditional source of electric generation has ever received an open-ended, unlimited subsidy like the PTC for every kilowatt hour of energy put on the grid.
Clearly, the interpretation of what constitutes “begin construction” is important, yet at no time during the two years since the PTC was extended with this wording did the IRS bother to seek public comment under the Administrative Procedure Act ("APA"), the federal statute that requires federal agencies to provide notice and an opportunity to comment before promulgating rules.