Library filed under Taxes & Subsidies
Early construction is ongoing at the site near Rawlins, and needs to continue without pause if the company is to qualify for the federal subsidy. If it qualifies for the tax credit, it would last for up to 10 years, she said. Firms that began construction by last year keep the subsidy for a decade. The Power Company of Wyoming is not confident that the second phase of development, for an additional 500 turbines, will qualify for the tax credit.
Victorian taxpayers will cough up hundreds of millions of dollars to help pay for the Andrews government’s upcoming solar and wind farm auction. ...The move will punch a $250-350 million hole in the state Budget, and experts warn the full cost could be much higher.
The money was handed over after the select board approved an extension to its PILOT (payment in lieu of taxes) with Antrim Wind Energy. The change extends the timeframe that the company has to go online, pushing the date from Dec. 31, 2018 to that same day in 2019.
Producers blame the decline on a loophole in a new law which seeks to minimize the amount of subsidy for new wind projects. New projects are approved in an auction with the lowest bidder getting the nod – at least theoretically. But lawmakers carved out special rules for the so-called “citizens’ energy companies” – cooperative-like entities that allow local communities to own new facilities.
The Bergey Windpower Co. factory south of Oklahoma City can produce 1,500 small-scale turbines annually. But current output is only a fraction of that capacity.
Hopkinton Town Supervisor Susan Wood says a banner placed on a float in the Hopkinton-Fort-Jackson parade Aug. 5 that claimed “Windmills = 50% Cut in Land Taxes for Hopkinton” was not based on facts.
Under the policy, the county Legislature requires any payment in lieu of taxes (PILOT) agreement for wind energy production projects with a rated capacity of 25 Megawatts or more to be equal to the property tax payments the county would have received in the absence of exemptions.
The Massachusetts Clean Water Trust Board of Trustees voted Wednesday, August 2, to convert what was a conditional $4.86 million grant to the town into a loan. The money, originally stemming from the American Recovery and Reinvestment Act of 2009, came to Falmouth through the trust to pay for construction of the second turbine, known as Wind 2
ANTRIM NH - Antrim select board members renegotiated an agreement made between the town and a wind energy company during a public hearing on Monday evening.
A $4.5 billion wind farm and transmission line announced last week by Public Service Co. of Oklahoma and a sister utility needs a quick answer from Oklahoma regulators so the project can fully qualify for federal tax credits for renewable energy.
Poland’s struggling renewable sector could collapse over “unpredictable” government moves
[T]he initial assessment for their property was valued at around $187 million which the company is required to pay taxes on to the county. Following an informal protest a second assessment to about $177 million. Now the company is asking for the value to be lowered to around $60 million. ...The Excise Board ruled against Taloga Wind and upheld the second assessment.
CHEYENNE - Wyoming could be at a crossroads when it comes to a potential boom of wind energy projects in the state.
The statistics from Denmark's statistics are scary: In 2016, Danish households paid an average of 17,700 DKK (2,714 US$) in so-called "green" taxes or a total of 47 billion. kr. (7 billion US$)
Mr. Perkins said lawmakers need to conduct more research before creating a countywide policy that could impact all 32 towns, not just Parishville and Hopkinton where developers have proposed building North Ridge Industrial Wind Farm.
WATERTOWN — County economic development officials are preparing for a potential review of Apex Clean Energy’s payment-in-lieu-of-taxes application by the Jefferson County Industrial Development Agency.
But MidAmerican told the board the project would be economically feasible only if it's allowed to retain 100 percent of the PTCs. The IRS allows wind farm owners to requalify for the PTC for an additional 10 years under the 80/20 rule that requires no more than one-fifth of the fair market value of the re-powered turbine to be used equipment.
The long-term need for greener electricity and our timeless winds are why our great-grandchildren may never experience many of our beautiful Wyoming vistas as the indigenous peoples and pioneers did and the way we do now. More likely, they will see an industrialized landscape — one scarred by thousands of bird-smashing turbines, high-tension lines and innumerable utility roads. Where we see the joyous freedom of open space, they will have to peer through a fragmented, tattooed landscape.
Besides taking exception to the procedural tack chosen by MidAmerican, the tech companies said the commission should decide the prudence of the proposed investment instead of doing it when the utility fields its next rate case, which will be at least a decade. ..."The board must thoroughly consider the proposal in a deliberative process to ensure that it arrives at the right decision."
Nueces County Judge Loyd Neal and Wes Hoskins, chairman of the South Texas Military Facility Task Force, recalled being told if Senate Bill 277, or something substantially similar didn't pass, the bases would likely be candidates for closure in the next few years. Hoskins said federal officials told them, "encroachment is the No. 1 issue in the nation (facing military installations), and Texas is in trouble."