WindAction Editorials from USA

GOP Tax Plan Resets Big Wind

Big wind’s complaint that the language reneges on a previous deal is entirely unfounded. The so-called ‘deal’  AWEA is trying to preserve … was a backroom negotiation between industry and Obama-era IRS lawyers to craft guidance that went well beyond the statute. Congress is finally taking corrective action. ...[T]he GOP tax bill is headed in the right direction on wind energy development. But if the goal was to simplify tax legislation, the GOP should go further and repeal the PTC altogether.”
10 Nov 2017

Wind PTC: Excessive Benefit Demands Repeal

Ptc_1992-2016_thumb Market conditions back in 1992 no longer exist. Big wind no longer needs the Production Tax Credit, and certainly cannot justify the extraordinary benefits received [3.5¢/kWh pre-tax]. Retaining the subsidy in light of lower installation costs and increased production serves only to further distort the market and bestow a bounty on big wind that far exceeds what 1992 lawmakers could ever have envisioned.
4 Nov 2017

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