Wind industry getting an early jump on lobbying for another extension of their most precious tax credit

posted at 8:41 pm on October 2, 2013 by Erika Johnsen

During the fiscal-cliff negotiations last January, the wind industry finally succeeded in securing an eleventh-hour assurance that they would get to keep their much-prized production tax credit (PTC) for at least another year — which was great news for them, seeing as how the survival of America’s most expensively subsidized form of electricity actually does depend on whether or not they can continue to score the rent-seeking victories from which they have benefited for more than two decades. Proponents of wind energy will quickly point out that wind the fastest-growing energy source out there and now provides almost a whopping three percent of America’s electricity generation — but that’s pretty easy to do when you’re getting special treatment from the government out the wazoo, as a new Congressional analysis points out:

Extending a tax credit for new wind farms would cost billions of dollars over the next decade, according to congressional analysis obtained by The Hill.

The tax credit for building wind facilities, which has been a top priority of the White House, is set to expire at the end of 2013.

Extending it for one year would cost $6.1 billion over the next 10 years, according to analysis from the Joint Committee on Taxation. Extending the credit for five years would cost $18.5 billion. …

Supporters say that the credit is necessary to keep energy costs low.

“Supporters say that the credit is necessary to keep energy costs low.” …Red flag? Anyone? As in, wind still cannot compete based on its own competitive free-market merits and needs taxpayers’ subsidization to get anyone to consider buying it?

The analysis came out ahead of a House Oversight hearing on the real long-term benefits (or lack thereof, ahem) on the PTC on Wednesday, via The Hill:

Republican lawmakers signaled opposition Wednesday to renewing a tax credit for wind farms, arguing it’s time for the industry to stand on its own two feet.

Democrats and the wind industry say the renewable electricity production tax credit (PTC) is critical to developing diverse sources of energy, but Republicans expressed skepticism that the break is still needed.

“We keep hearing that ‘we’re almost there’ or ‘just a little bit longer.’ But the facts state that wind power has been steadily increasing over the last 10 years, and there’s this point of saying, when does wind take off on its own?” said Rep. James Lankford (R-Okla.), chairman of the House Oversight and Government Reform subcommittee on Energy Policy.

Wind’s relentless subsidization does nothing to increase its chances for price efficiency in the long run, and meanwhile, while self-proclaimed greenies have continued to deride what they deem to be energy undesirables and insisted on propping up their preferred renewable forms at taxpayers’ expense, it turns out that natural gas an nuclear have done way more over time to achieve their stated carbon-reduction goals. Imagine that, via the Breakthrough Institute:

This week’s release of a new United Nations Intergovernmental Panel on Climate Change report opens another front in the climate wars. But beneath the bellowing, name-calling, and cherry-picking of data that have become the hallmark of contemporary climate politics lies a paradox: the energy technologies favored by the climate-skeptical Right are doing far more to reduce greenhouse gas emissions than the ones favored by the climate-apocalyptic Left.

How much more? Max Luke of Breakthrough Institute ran the numbers and found that, since 1950, natural gas and nuclear prevented 36 times more carbon emissions than wind, solar, and geothermal. Nuclear avoided the creation of 28 billion tons of carbon dioxide, natural gas 26 billion, and geothermal, wind, and solar just 1.5 billion.


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Keep it simple, stick to the facts.

If the Republicans and Democrats vote in this fraud it will be the final treason needed.

Easy for even members of Congress.

http://www.wattsupwiththat.com

All there every last bit of info needed to prove it is a lie and a fraud.

APACHEWHOKNOWS on October 2, 2013 at 8:55 PM

But wind energy does a better job of controlling bird poop.

GaltBlvnAtty on October 2, 2013 at 9:01 PM

Yeah and all they need now is that license to killbald eagles.

jake49 on October 2, 2013 at 9:07 PM

End all energy subsidies, including gas and oil. Increase drilling with the stipulation that any drilling/clean energy leases on government lands will be litigated by the US, instead of the companies. This is traditional in most landlord/tenant agreements.
It will show that the GOP isn’t favoring any energy industry and that we are reducing our deficit.

djaymick on October 2, 2013 at 9:13 PM

Wind industry getting an early jump on lobbying for another extension of their most precious tax credit

…Tuck Fhem!…and anybody that listens to them!

KOOLAID2 on October 2, 2013 at 9:22 PM

I’d like to know if they’re in league with the pharmaceutical companies who supply migraine medicine because there is no upside to windmill energy: they cause sickness with the reverberation and low level thrum, the reverberation causes cracks in the foundations in houses as far away as 50 miles so people who buy houses or own houses in these areas are totally screwed, falling bird pieces from being hacked to death are never fun to find in your yard or on your car, and the amount of energy it takes to turn windmill energy to usable energy is higher than just using natural gas.

This is a totally stupid idea but nobody will listen. Their ears are bleeding.

athenadelphi on October 2, 2013 at 9:29 PM

TEATERMERICA!!!

Latch on Corporate America, after all you paid for the sow.

PappyD61 on October 2, 2013 at 9:32 PM

Don quixotic

SparkPlug on October 2, 2013 at 9:33 PM

There will be “short sales” and “distresded property auctions” for the failed, rusted up, burned out, stress metal failed wind mills within 10 years no matter if they get a “tax payer redistribution of wealth”.

APACHEWHOKNOWS on October 2, 2013 at 9:37 PM

Wind industry getting an early jump on lobbying for another extension of their most precious tax credit

Money laundering and kickbacks. In a remake of Scarface, Tony Montana would be hiding his drug money in “green” companies in conjunction with his buddies in the Federal Government.

Dr. ZhivBlago on October 2, 2013 at 9:43 PM

ps

It is called the “power factor” look it up in an Electrical Eng. text book.

Look at it this way, you turn these windmills (or a trubine under Hover Dam) and the turning pisses off some electrons and they run away down the wires. Only trouble is there are already electrons in the wire and they do not give way so easy so the electrons escaping down the wire have to have more electrons behind them to push them down the wires to a transformer in your town, the electrons voltage is lowered some and down the street they go, (still needing a push) to your back yard one more last step down in voltage to your computer.

Re: Wind energy, it takes more to push it to your home than it is worth to produce ever, all the wind mill work is wasted in the transmission and distribution to you.

It is all a pure boon doggle fraud.

APACHEWHOKNOWS on October 2, 2013 at 9:44 PM

APACHEWHOKNOWS on October 2, 2013 at 9:44 PM

Wow… it’s a good thing other energy sources don’t use that awful ‘trubine’ technology to drive generation.

lexhamfox on October 3, 2013 at 5:15 AM

Tax Subsidies for dem bird killin machines!

BigAlSouth on October 3, 2013 at 9:35 AM

The disgusting thing is, it’s Republicans from Iowa, Texas etc. that help to pass this thing.
I could not believe, after months of giving the impression that the subsidy would be cut
that they snuck it in and Republicans quietly jumped on board.

AmeriCuda on October 3, 2013 at 9:54 AM

Next time the Iowa caucuses come around supporting wind energy will be second only to ethanol.

agmartin on October 3, 2013 at 11:22 AM

LIBERAL ECO-WACKOS SHOULD FACE FACTS:

Windmills are powered by public money diverted to a technology which failed 100 years ago!!

landlines on October 3, 2013 at 12:33 PM