A group of 20 US Senate Democrats have called for the extension of clean energy tax incentives such as the wind energy Production Tax Credit (PTC), the solar Investment Tax Credit (ITC), and the residential renewable energy tax credit, a call which has been applauded and joined by the country’s clean energy associations.
Federal subsidies for renewable energy—including biofuels for transportation use and renewable generation of electricity—dropped to $6.7 billion in fiscal year (FY) 2016, a 56% decline from FY 2013. Renewable subsidies in FY 2010 and FY 2013 were approximately $15 billion, more than double FY 2016 levels, as support from the American Recovery and Reinvestment Act of 2009 (ARRA) lessened. Despite the decline, renewable energy continued to receive a large share of total federal energy subsidies, accounting for 46% of the FY 2016 total.
The third article about the GateHouse Media story, In the Shadow of Wind Farms.
During the confirmation hearing for President Donald Trump’s nominee for Treasury Secretary, Steven Mnuchin gave some hope to the US wind industry when he confirmed he was in favor of leaving the phaseout for the wind Production Tax Credit as it currently stands.
More than 2 years ago, some CleanTechnica readers got together and wrote an open letter to the US Energy Information Administration (EIA) regarding its routinely tragic and off-the-mark energy forecasts. Here’s one highlight from that: It was forecast [in 2010] that we would reach 0.45 GW of Solar PV on the … [continued]
From CleanTechnica friend and reader Ken Johnson, here’s an excellent repost from National Observer: By Ken Johnson What if First Ministers meeting in Vancouver this week could simultaneously: stimulate the economy, reduce Canada’s carbon footprint and create well-paying full-time jobs, using a tax tool that is already a proven success … [continued]
Our latest episode of Cleantech Talk tackled the huge 5-year extension of the solar and wind energy tax credits, Tesla Model X deliveries, and Faraday Future. As always, you can listen and subscribe to our podcasts on iTunes or SoundCloud, or you can just listen by hitting the play button in the … [continued]
Originally published on the ECOreport. Less than one week after the strongest climate agreement ever, House Speaker Paul Ryan has brought forward a spending package that could end the annual struggle over renewable tax incentives. Wind and solar would receive 5-year extensions. The price: cutbacks to the IRS, Obamacare, the EPA, and lift … [continued]
US congressional Republicans have long hobbled wind development. In April, they introduced a bill to kill it off entirely. The surprisingly forthrightly named PTC Elimination Act introduced in the House by Rep. Marchant and cosponsored by 15 more Republicans, H.R. 1901, would “amend the Internal Revenue Code of 1986 to phaseout and … [continued]
The US Internal Revenue Service (IRS) has finally clarified rules regarding how wind projects qualify for federal tax incentives, leading analysts to believe that the industry can finally extract itself from the uncertain log-jam it has been in since the end of 2013. Developers were forced to initiate construction by … [continued]
