Articles filed under Taxes & Subsidies from USA

Clean energy should do without special tax breaks

One of the oldest federal policies to combat climate change just expired. Good riddance. On Jan. 1, Congress allowed a collection of special tax breaks to lapse. Among them was the wind production tax credit. With a cockroach-like resilience, the supposedly temporary tax credit has handed money to wind-farm operators since its 1992 passage.
7 Jan 2014

Let the wind subsidy blow away

The wind production tax credit has long outlived any public policy usefulness. Late in 2013, Big Wind fought fiercely to renew its expiring subsidy but failed. We hope that means many members of Congress see this as a mature industry that long ago outgrew its infancy and understand that the nation's new wealth of lower-cost natural gas has profoundly rewritten U.S. energy economics.
4 Jan 2014

Texas wind industry might face a future without incentives

“Once this deadline passes in December, it definitely puts uncertainty on future projects,” he said. “Instead of laying folks off and contracting our spending, we’re simply moving to other markets. “Canada, Mexico and South America are pretty busy right now. Pretty much everything except for Europe is open to more wind energy right now.”
28 Dec 2013

Texas wind industry might face a future without incentives

“Once this deadline passes in December, it definitely puts uncertainty on future projects,” he said. “Instead of laying folks off and contracting our spending, we’re simply moving to other markets. “Canada, Mexico and South America are pretty busy right now. Pretty much everything except for Europe is open to more wind energy right now.”
28 Dec 2013

It's time for wind power to stand or fall on its own

The PTC was initially billed as a temporary measure designed to encourage the development of wind electricity until it was ready to compete with other energy sources. The temporary nature of the PTC, however, has in practice tended to be a bit of a mirage. Each time the PTC is set to expire, wind lobbyists turn up to argue that the industry just needs a little more time to mature, and the credit ends up getting a stay of execution.
27 Dec 2013

Wind power developers race clock to secure subsidy

Developers are unlikely to start any projects without a credit in place because they cannot compete with power generation from other sources like cheap natural gas. And with prospects for a redesign of the whole tax code looking dim at the moment, clean-energy advocates are calling for yet another extension of the subsidy. Referring to the credit, Kevin A. Lynch, managing director of external affairs at Iberdrola Renewables, said: “In the near term, projects that do not have the P.T.C. attached to them are probably difficult to justify economically for buyers to purchase, and therefore for us to build.”
26 Dec 2013

Critic blasts Cape Wind tax credit

Rodgers said the contract was the result of prolonged negotiations, and said the timing of the announcement was not related to the expiration of the federal tax credit. He declined to say if Cape Wind would be eligible for the tax credit without the cost of the contract. The tax credit, if awarded, could pay for 30 percent of construction costs.
24 Dec 2013

Critic blasts Cape Wind tax credit

Rodgers said the contract was the result of prolonged negotiations, and said the timing of the announcement was not related to the expiration of the federal tax credit. He declined to say if Cape Wind would be eligible for the tax credit without the cost of the contract. The tax credit, if awarded, could pay for 30 percent of construction costs.
24 Dec 2013

Baucus’ exit sends extenders debate into overdrive

Even before news broke that Sen. Max Baucus would soon be heading to China, Democrats on Capitol Hill were starting to get antsy over the fate of dozens of expiring tax credits that had been placed on the back burner while Baucus tried to craft a complete overhaul of the tax code. Now that the Montana Democrat is all but officially headed for the exits, momentum behind extending the temporary incentives like the production tax credit, home efficiency rebates and alternative fuels tax breaks has shifted into high gear in the Senate.
20 Dec 2013

https://www.windaction.org/posts?location=USA&p=34&topic=Taxes+%26+Subsidies&type=Article
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