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Tuesday, January 8, 2013

Some Good News I Missed

Posted by on Tue, Jan 8, 2013 at 6:36 AM

Supporters of the production tax credit for wind power can breathe a little easier, at least for now. Whatever else anybody says about the “fiscal cliff” legislation drama, in the end, our friends over at the American Wind Energy Association (AWEA) are sure in a celebratory mood. The final bill, signed by President Obama late last night, includes a provision that extends the production tax credit for wind power for one year.
Not only that, it changes from providing tax credits only to projects completed by the end of the year, to providing tax credits to any project started by the end of the year.

One of the few things Mitt Romney made very clear during his campaign was his desire to cut this tax credit, which, for one, has proved to be beneficial for Iowa. Iowa voted strongly for Obama.



Comments (4) RSS

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Supreme Ruler Of The Universe 1
Why is it that with today's high cost and (supposedly) dwindling hydrocarbon fuel supply, generators such as wind and solar need subsidies? I mean, look at those wind generators...a propeller with a motor on a post? Seems like everyone should be rolling renewable sources out like hotcakes, and then storing the excess energy as hydrogen to create baseload!

Posted by Supreme Ruler Of The Universe on January 8, 2013 at 9:08 AM · Report this
Urgutha Forka 2
Your post suggests you are rather clueless about energy production and costs.

Try putting a windmill in your backyard and then come tell us all how easy and cheap it was.
Posted by Urgutha Forka on January 8, 2013 at 9:18 AM · Report this
@1: You do realize that we subsidize fossil fuel and nuclear energy as well, right? And that historically, we have poured way more public funds into those industries than we have into renewables, right? And that we're still subsidizing them, right?
Posted by digitalwitch on January 8, 2013 at 9:54 AM · Report this
@1 please check out the website for the UC Berkeley Renewable and Appropriate Energy Lab (REAL). The director, Dr. Kammen, gave a seminar at UW in October that addressed your questions. You should find the REAL website educational.
Posted by wxPDX on January 8, 2013 at 11:04 AM · Report this

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