[ exact phrase in "" • results by date ]

[ Google-powered • results by relevance ]


News Home

Subscribe to RSS feed

Add NWW headlines to your site (click here)

Sign up for daily updates

Keep Wind Watch online and independent!

Donate $10

Donate $5

Selected Documents

All Documents

Research Links


Press Releases


Publications & Products

Photos & Graphics


Allied Groups

The wind energy credit: A shafting grows  

Credit:  By Tribune-Review | January 4, 2013 | triblive.com ~~

The “fiscal cliff” deal shafts all taxpayers – not just “the rich” – by not just renewing the wind energy Production Tax Credit (PTC) for another year but expanding eligibility, too.

Formerly available only to projects completed during a particular year, the PTC now is available to projects begun by 2013‘s end, in keeping with industry claims that windmill construction usually takes more than a year.

Thus, even more will be squandered this year than the nearly $12 billion that the Joint Committee on Taxation estimated a simple one-year PTC extension – without expanded eligibility – would have cost. But as former U.S. Sen. Phil Gramm, R-Texas, wrote in The Wall Street Journal, “the cost to taxpayers is only part of the problem.”

Subsidies are so high that producers who pay utilities to take their windmills‘ electricity still can profit. Coal-, gas- and nuclear-fired plants still have to meet demand when winds don‘t blow. And the Department of Energy says average wind-power costs in 2009 still were higher than in 1994, two years after the PTC began.

“Like all subsidies, these distort markets and make the country poorer – all in order to enrich a handful of politically influential businesses by shielding these privileged firms from the realities of the marketplace,” says Donald J. Boudreaux, a George Mason University economist and regular Trib columnist.

As the PTC‘s ill wind blows harder than ever, its cost chills taxpayers even more.

Source:  By Tribune-Review | January 4, 2013 | triblive.com

This article is the work of the source indicated. Any opinions expressed in it are not necessarily those of National Wind Watch.

The copyright of this article resides with the author or publisher indicated. As part of its noncommercial effort to present the environmental, social, scientific, and economic issues of large-scale wind power development to a global audience seeking such information, National Wind Watch endeavors to observe “fair use” as provided for in section 107 of U.S. Copyright Law and similar “fair dealing” provisions of the copyright laws of other nations. Send requests to excerpt, general inquiries, and comments via e-mail.

Wind Watch relies entirely
on User Funding
Donate $5 PayPal Donate


News Watch Home

Get the Facts Follow Wind Watch on Twitter

Wind Watch on Facebook


© National Wind Watch, Inc.
Use of copyrighted material adheres to Fair Use.
"Wind Watch" is a registered trademark.