Gone with the Wind Subsidies

The Foundry

Nicolas Loris

12/09/2011

The year 2012 marks a monumental yet depressing milestone for the wind energy industry: 20 years of tax credits.

The federal renewable energy production tax credit, which allows wind producers to take a 30 percent investment tax credit or receive a 2.2-cents-per-kilowatt-hour production tax credit, has been around since 1992. The tax credit expires at the end of 2012, and the wind energy advocates are already ramping up their efforts to include an extension in any end-of-the-year must-pass legislation. It’s time to let this wasteful, unnecessary subsidy run out.  More.....

Web Link >> http://blog.heritage.org/2011/12/09/gone-with-the-wind-subsidies/