As the White House and Congress negotiate a massive Covid-19 stimulus, the wind and solar industries are pushing for more PTC/ITC extensions. They are shameful and our political class can't be trusted. This letter to Congressional leaders emphasizes why the subsidies should expire as promised in 2015.
In another month, the wind PTC will finally expire after twenty-seven years. Taxpayers will still be on the hook for billions more in PTCs through the next decade but the burden should not increase. In that time, the wind industry has grown significantly reaching over 100,000 MW and now mainstreamed into the US electricity market. Big Wind is no longer a nascent industry, but one that must stand on its own, whether it's ready or not.
It’s now time for Anheuser-Busch to shed its superficial ‘green’ veneer and take corrective action to reverse the harms its wind purchases have caused. This includes publicly abandoning the ‘100% renewable energy’ goal which, if continued, is certain to bring more, and greater international destruction.
The wind industry is heavily invested in a propaganda campaign aimed at convincing the public that wind turbine noise is safe at any distance. ...but the damage from turbines can no longer be ignored. There are enough turbines operating worldwide, and enough people impacted, for the public to recognize turbine noise is intrusive and potentially harmful to neighbors.
The US Treasury estimates the PTC will cost taxpayers $40.12 billion in the period from 2018–2027, making it, by far, the most expensive energy subsidy under current tax law. ...After billions in public hand-outs, the wind industry has never been able to stand on its own and there’s no reason to believe this will change. Tax credits are now a required component of the industry’s economics. The outcome of an expired PTC is evident: wind installations will crawl to a near stop.