"These projects are very expensive and wouldn't happen without tax subsidies," he [Glenn Schleede] said. "Ordinary taxpayers are getting taken to the cleaners on this."
Articles filed under Taxes & Subsidies
Absent special political privileges - federal research and development subsidies, tax breaks, and state RPS programs - today's renewable-energy industry, or most of it, would not even exist. Three decades, $14 billion in direct federal support, and untold billions in state taxpayer and ratepayer subsidies have failed to make "green" energy economically self-sustaining. Enough is enough. Congress should terminate, not expand, its patronage of this boondoggle.
It's time to jump off the Production Tax Credit treadmill and work toward a more open, transparent support mechanism such as the Electricity Feed Law.
Hager, a former Duke Energy engineer beginning his second term in the House, argues the mandate unfairly forces utility customers to subsidize renewable energy, which costs more than traditional forms. He says that runs against state policy ordering utilities to provide “least cost” electricity.