Nov
05
2013

Meanwhile: wind industry tax credits are facing a slow, lingering demise.

I know, I know: you, like Hot Air, are all ripped up about that, too.

As Congress works on a tax reform package that could take months to complete, it’s looking increasingly likely that the production tax credit, a key wind industry lifeline, will expire shortly after the end of the year — at least temporarily.

That expiration could hurt the wind industry, which saw construction of new wind projects grind to a virtual halt this year amid uncertainty over the subsidy. The production tax credit gives wind power owners a tax credit of 2.3 cents for each kilowatt-hour of electricity they produce.

One Senate aide said tax writers in Congress aren’t even talking about a year-end extenders package, which traditionally allows for the continuation of credits like the PTC. Without an extenders package, PTC supporters must pin their hopes on reviving the tax credit as part of broader tax reform, which isn’t expected to move until next year, if at all.

Good. The damned things aren’t cost-effective and they kill birds.  Birds like the freaking California Condor.  Somebody explain to me again how the Greenies have put themselves in a position where they’re apologizing for keeping endangered species endangered?

9 Comments

  • Catseyes says:

    Kill it! Kill it dead! Kill it lots! And then burn it to ashes and scatter the ashes!

  • sicsemperstolidissimum says:

    The explanation is simple:
    .
    The Greens hate people more than they love the outdoors.
    .
    Green preferred solutions have a stronger, negative, correlation with economic utility, than the correlation they have with the stated purpose.
    .
    What hurts the economy hurts people, the most vulnerable more strongly than others.

  • sicsemperstolidissimum says:

    Question: I’ve been seeing some success understanding this Administration in terms of having a central purpose of ‘Punish the Weak.’ Since this is an area you understand better than I, is ObamaCare fundamentally broken enough to qualify as Vappy?

  • Luke says:

    They’ve devastated the Golden Eagles locally.
    I’d be happy to see them go.
    The 64 million dollar question remains, “who is going to pay to remove these eyesores?”

    • qixlqatl says:

      “who is going to pay to remove these eyesores?”
      .
      We are… Who we are going to pay depends on who pays the biggest bribes makes the biggest campaign contributions to the relevant officials…..

  • Catseyes says:

    Probably the scrappers is if they’re smart a lot of useful precious metals in those things, and I don’t think the companies will keep paying taxes on them once no one is paying them. Might even end up being a new growth industry. You could even make it a green industry by leaving the shell up as a bird nesting area. A lot like the fake reefs they build. And yes I’ve been thinking about it but don’t have the capital for the start up handy.

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