Arrivederci: It May be Lights Out for the Wind Energy Come the Midterms

...For government-backed industries such as wind energy, the relationship is directly the opposite -- the more they produce, the more it costs ratepayers and taxpayers. Recent analysis shows that states with the largest use of wind power have the highest electricity bills. Such factors have caused private investors to largely bypass wind companies and leave them largely dependent upon the government for their survival.
Wind energy companies rely heavily upon a government construct known as the “Production Tax Credit” (PTC) to support their bottom lines. The PTC is a federal program that provides billions of dollars annually to subsidize renewable energy facilities such as wind farms. Generally speaking a clean technology facility receives a tax credit for 10 years after the date the facility is placed in service with the tax credit amount ranging from $0.23 per kilowatt-hour (kWh) for wind to $0.011 per kWh for qualified hydroelectric.

Arrivederci: It May be Lights Out for the Wind Energy Come the Midterms WindFarm-Reuters

Arrivederci: It May be Lights Out for the Wind Energy Come the Midterms WindFarm-Reuters

http://www.foxbusiness.com/industries/2014/10/27/it-may-be-lights-out-for-wind-energy-come-midterms/?cmpid=edpick&google_editors_picks=true

Arrivederci: It May be Lights Out for the Wind Energy Come the Midterms

Arrivederci: It May be Lights Out for the Wind Energy Come the Midterms

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