Articles filed under Taxes & Subsidies
"We have turned our attention to tax reform and our principle challenge is to find tax breaks and loopholes to eliminate so that we can lower rates for taxpayers," he said. "And I think that at the top of the list should be ending the wasteful and expensive subsidy for a clearly mature technology this year."
The renewable energy industry — which includes wind power, solar, biofuels made from corn or other organic substances — exists because of government mandates and taxpayer subsidies.
The wind industry breathed a sigh of relief Thursday night when the U.S. Senate’s proposed overhaul of the tax system avoided cutting into a subsidy relished by wind developers and utilities. But at the same time, a handful of lawmakers in Wyoming are showing a renewed interest in increasing taxes on wind.
Sixty nine wind farms were paid to stop transmitting in last weekend of October. Payments have risen from £200,000 in 2010 to £85.4million in 2016. National Grid compensates energy providers if it asks them to switch off to prevent the grid becoming overloaded.
The wind lobby is crying foul on grounds that it has made commitments to projects that rely on the subsidy but may not qualify as “under construction” in 2017 under the new rules. It ought to be thankful the House is offering to let the scam wind down gradually rather than kill it. Even if the House proposal survives, the subsidy will take billions more out of the pockets of working Americans and transfer the money to rich investors.
“Don’t be playing in the dirt,” Hanson cautioned them, “until you get a permit.” ...The company moved dirt at several sites in Hand County during 2016, and did other work there too, all without the state energy-conversion permit required by South Dakota law.
The Danish wind turbine giant could run out of puff as a result of a new Republican tax proposal.
Wind power is the most important building block for the energy transition, but the phasing out of subsidies threatens countless wind turbines. In three years, a large part of the network could be taken out of service.
While Mr. Gray said he would like full taxation for the full assessment from developer Avangrid Renewables in a potential payment-in-lieu-of-taxes agreement for its Lewis County project’s transmission line, which will run through the town of Rodman, he said he would bring a proposal to the Legislature that would mirror the PILOT agreement for the Copenhagen Wind Farm.
The NH House Science Technology and Energy Committee narrowly voted Tuesday to gut energy-efficiency funding through the Regional Greenhouse Gas Initiative and roll back the state’s renewable energy standard, in a move that one Republic denounced as partisan and a Democrat called “nuts.”
Utilities claim individual municipalities have different ways of determining the value of properties for tax purposes, which in many cases they believe overvalues them. The result is constant litigation between towns and utilities.
We all see the hundreds of wind power turbines which dot the beautiful landscape of our region. We're told, by the supporters of these wind farms, that they're a boon to our society. That they're reducing greenhouse gas emissions by providing cheap, reliable energy. Except, this week I spoke with a man from the University of California, Berkeley who says that's a lot of bunk.
If NYSERDA stops paying Noble incentives, Noble’s income will decrease and could directly affect the Town of Eagle. The funding that Eagle receives annually from Noble as a part of the host agreement is percentage based, so if Noble loses income, so will Eagle and the residents of Eagle with turbines on their properties.
Clean-energy’s fiscal advantage stems in part from two tax credits that Congress extended in 2015. Both measures are scheduled to be phased out in the 2020s, but Environmental Protection Agency administrator Scott Pruitt on Monday called for them to be eliminated. That could upend wind and solar’s edge. “Without tax credits, those economics no longer work,” said Amy Grace, an analyst at Bloomberg New Energy Finance.
Tax incentives for the wind industry should be eliminated, Environmental Protection Agency administrator Scott Pruitt said Monday. “I would do away with these incentives that we give to the wind industry. ...I’d let them stand on their own and compete against coal and natural gas and other sources."
While sinking enormous financial resources into propping up renewable energy prospectors, national governments are providing no perceptible benefits to their citizens, writes Judith Sloan, a renowned Australian economist who has served on the Australian government’s Productivity Commission.
Move over, Ponzi; forget Bernie Madoff; ignore Enron; and dismiss collateralised debt obligations associated with subprime mortgages. Without a doubt, the biggest scam perpetrated against taxpayers and consumers is renewable energy. And if you think this scam is just an Australian phenomenon, think again. With very few exceptions, governments all over the world have fallen into the trap of paying renewable energy scammers on the basis that it is necessary, at least politically, to be seen to be doing something about climate change.
“(Apex Clean Energy) has asked the JCIDA to table our PILOT application for the moment,” Mr. Habig said in an email. “Much has been reported on Fort Drum concerns in recent days. We feel it is appropriate to give the parties an opportunity to digest the facts and reach informed and considered conclusions regarding potential base impact before engaging in PILOT discussions.”
WORLDWIDE: Competitive tenders in renewable energy will drive "almost half" of new capacity between 2017-2022, according to the new medium-term forecast from the International Energy Agency (IEA).
The prospects for a broad tax reform with lower corporate rates has excited business leaders and boosted the stock market -- except for renewable energy. Tax reform “will make renewables more expensive,” Keith Martin, a partner at law firm Norton Rose Fulbright, said in an interview Tuesday at Infocast’s Solar Connect conference in San Diego.