Library filed under Taxes & Subsidies from USA

Grassroots: NO to the Wind PTC

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.
14 Dec 2015

Horse trading in Congress: Lifting oil ban for extending wind and solar tax credits

Congressional leaders are working toward a deal to lift the federal ban on oil exports, a Republican priority, in exchange for extending tax credits for renewable energy, prized by Democrats. ...Trading an extension of the renewable energy tax credits for lifting the oil export ban would pit conservative priorities against one another. Conservative Republicans have pushed in particular for an end to the wind energy production tax credit, a subsidy for wind power that has been extended year after year, at a cost of $6.4 billion last year.
9 Dec 2015

EPA's Clean Power Plan subsidies for wind reinforce calls against PTC renewal

Report-wind-ptc-final_thumb "Based on DOE's study, the objective for the PTC has been achieved and the average price of wind electricity is now roughly the same as the value of the wind PTC in kilowatt hours. Should Congress attempt to extend the PTC again, proponents would essentially be making the ridiculous argument that the price of wind power should be at or near zero in order to be competitive."
2 Dec 2015

Alexander, 6 Senators Oppose "Wasting" Up To $9.4 Billion On Extension Of Wind Production Tax Credit

“This expensive subsidy for wind creates an incentive for investors to build unreliable and unsightly sources of electricity, and distorts the market by giving wind an unfair advantage over other, more reliable and cost-competitive forms of electricity generation,” the letter states. “Even after 22 years and billions of dollars of subsidies, wind only produces four percent of our country’s electricity, according to the U.S. Energy Information Administration.
22 Nov 2015

NY’s Madison Wind Farm a cautionary tale

The Madison Wind Farm, town of Madison, county of Madison, has told town and county officials that come Jan. 1, when its 15-year payment-in-lieu-of-tax agreement expires, it simply won’t be able to pay any more than it has over the past 15 years. That princely sum? A paltry $60,000 a year split between the school district and the town. The county generously agreed to forgo any payments, figuring it would get its reward when the PILOT was done.
18 Nov 2015

New Yorkers will pay dearly for wind tax credit

Enough is enough. Wind advocates have claimed for decades they wouldn’t need handouts within a few more years – claims that have proven wrong time and again. Wind’s recent history illustrates this reality. When the PTC is active – aka, when the tax spigot is open – new wind installations soar. When it’s temporarily expired and no more tax dollars are available, installations plummet.
16 Nov 2015

New Yorkers will pay dearly for wind tax credit

Enough is enough. Wind advocates have claimed for decades they wouldn’t need handouts within a few more years – claims that have proven wrong time and again. Wind’s recent history illustrates this reality. When the PTC is active – aka, when the tax spigot is open – new wind installations soar. When it’s temporarily expired and no more tax dollars are available, installations plummet.
16 Nov 2015

It’s time for Congress to end the wind production tax credit (again)

The production tax credit has rarely been considered in the House or Senate as a stand-alone vote. The last time was 2012, in New Jersey Democratic Sen. Bob Menendez’s amendment to the transportation bill. It failed. If the Senate and House consider the wind production tax credit in the eleventh hour (again) this year, it must be as a stand-alone vote in each chamber. That way, the wind lobby cannot gain a free ride by attaching to the more beneficial tax credits seen as “must pass.”
12 Nov 2015

It’s time for Congress to end the wind production tax credit (again)

The production tax credit has rarely been considered in the House or Senate as a stand-alone vote. The last time was 2012, in New Jersey Democratic Sen. Bob Menendez’s amendment to the transportation bill. It failed. If the Senate and House consider the wind production tax credit in the eleventh hour (again) this year, it must be as a stand-alone vote in each chamber. That way, the wind lobby cannot gain a free ride by attaching to the more beneficial tax credits seen as “must pass.”
12 Nov 2015

Jefferson County could learn lesson from tax break for Madison Wind Farm

When tax breaks for wind projects expire, will municipalities receive full property taxes to which they’re entitled? That’s a murky question that will have to be resolved soon for a seven-turbine, 11.5-megawatt wind project in Madison County, which benefited from a 15-year payment-in-lieu-of-taxes agreement that will end in 2016. ...The company (EDP Renewables) has said it can’t afford more than the $60,000 per year it paid under the PILOT agreement, Mr. Harris said.
7 Nov 2015

U.S. Tax Breaks That Clean Power Doesn't Seem to Mind Losing

The need for tax breaks, which once underpinned the economics of wind and solar projects, is fading as prices fall and the technologies become more competitive with electricity produced from fossil fuels. At the same time, other federal policies such as the Obama administration’s Clean Power Plan are creating new incentives for renewable energy plants. Developers are planning now for the day when they will no longer receive the credits.
29 Oct 2015

Wind industry betting on PTC extension

If developers are betting wrong, they will have to mothball projects, Stephens added. But if they do not take the gamble, then "you lose out on all the upside that other people who planned for a better environment can execute on." That calculation illustrates the pressure industry lobbyists are under to win over lawmakers who have started challenging tax policy.
16 Oct 2015

Texas wind power growth could slow after 2016

Steve DeWolf founded Wind Tex Energy in Dallas and developed several wind farm projects over the years ..."Given the lack of cooperation in Congress and the crazies on both sides, I don't know if the PTC is going to get passed," DeWolf said. "And a lot of the best sites in Texas are taken, and then you have the competition from low natural gas prices."
9 Oct 2015

Texas wind power growth could slow after 2016

Steve DeWolf founded Wind Tex Energy in Dallas and developed several wind farm projects over the years ..."Given the lack of cooperation in Congress and the crazies on both sides, I don't know if the PTC is going to get passed," DeWolf said. "And a lot of the best sites in Texas are taken, and then you have the competition from low natural gas prices."
9 Oct 2015

New Senate bill aims to axe wind PTC

Lankford argues the wind power sector is a “self-sustainable, multi-billion dollar industry” and “no longer needs the support” of the PTC. The Senator also says a two-year extension of the PTC would cost $10.5 billion over the next 10 years, “and nearly all of the funding is attributable to the wind industry.”
9 Oct 2015

Bill introduced to end wind tax credit

A senator from the windswept state of Oklahoma wants to remove a tax credit for wind energy from the tax code. ...Lankford contends the tax credit has outlived its usefulness and is a redundancy since 37 states already provide incentives for wind energy production. He said wind generation has grown 5,000 percent since the tax credit was instituted in 1992.
8 Oct 2015

https://www.windaction.org/posts?location=USA&p=21&topic=Taxes+%26+Subsidies
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