FACT-CHECK ON WIND SUPPORT

Setting the record straight on the wind energy tax credit

Mike Garland and Susan Reilly, June 11, 2015 (The Hill)

“…[Contrary to misrepresentations, the American Wind Energy Association (AWEA)… has consistently stated, and as the Government Accountability Office recently confirmed, without a long-term [Production Tax Credit (PTC)] extension U.S. wind power installations will drop, many communities will miss out on the economic opportunities that come with new wind farms, and American consumers will lose out…[The PTC] is the primary federal incentive for wind energy, and provides initial tax relief that has allowed wind industry to scale up against mature industries that continue to get a wide variety of permanent subsidies after up to 100 years. A typical wind farm more than repays all of this short-term tax relief in local, state, and federal taxes over the life of the project…Polls find widespread support for the PTC among Republicans, Independents and Democrats. There are certain interests [like Koch Industries] that manufacture opposition…” click here for more

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