TAG: Wind tax credits

Tax Credits for Wind Power

Wind Farm subsidies

The US federal wind power production tax credit is set to expire at the end of the year, and many have been advocating for the expiration or the continuation of the credits. Supporters of letting the credits expire claim the national fiscal situation has become so dire that the government can no longer afford to maintain a wind power production credit. Opponents of the expiration claim the wind industry would be stunted and damaged by the expiration, in more than one way. The production credit allows for the wind industry to be bolstered by federal funds, which leads to more… read more

Toxic Goals

US tax credits

As the end of the year approaches, the time for the federal government to take action on the wind tax credit is dwindling. Of course, there are vested interests and special interest groups lobbying for each side—extending or letting the credits expire—and some groups are more powerful than others. Fossil fuel groups have been increasing their mobilization to defeat the credit, and their agendas and intentions are becoming less discreet. The American Energy Alliance, which has ties to far-right Koch Industries, stated this week it aims to make the wind tax credit a toxic issue for House Republicans; Benjamin Cole,… read more