Another PTC/ITC Extension for Wind/Solar? Just Say NO
“The continued reliance on ‘clean’ energy tax credits is a political crutch…. Those who have introduced this legislation … should be working to phase out these subsidies more quickly, not doubling down on them.” – Tom Pyle, AEA president (below)
A recent press release by the American Energy Alliance (the advocacy arm of the Institute for Energy Research) called it an “Election-Year Betrayal to Reinstate Wind and Solar Subsidies.” For two energies touting their affordability for consumers, this is disingenuous. Socializing the cost-premium to taxpayers, and unnecessarily industrializing the pristine landscape (real ecologists, please stand up) is bad public policy. And with more than a dozen extensions of the “temporary tax credits” (15 for solar, 14 for wind), the mirage of competitiveness by an infant industry (not) is exposed.…
The post Another PTC/ITC Extension for Wind/Solar? Just Say NO appeared first on Master Resource.
Source: https://www.masterresource.org/production-tax-credit-ptc/another-ptc-and-itc-extension-no/
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