This essay is the second in a series aimed at exposing abuses by the Obama administration in its effort to force wind power on the public. Here we examine the rules governing the wind production tax credit (the PTC)—in particular, the IRS guidance for PTC eligibility— and changes the new Trump administration might consider.
WindAction Editorials filed under Taxes & Subsidies
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!
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.