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production tax credit (PTC)

Carbon Emissions Solution? Proposal for a Production Tax Credit for CO2-EOR

July 14, 2014 by Edward Dodge
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Emissions and Tax Credits

 

NEORI, the National Enhanced Oil Recovery Initiative is organized and staffed by the Center for Climate and Energy Solutions (C2ES) and the Great Plains Institute. NEORI has authored a series of innovative policy proposals to promote the use of carbon capture and sequestration.[read more]

An Expensive Subsidy, Twisting in the Wind

May 20, 2014 by Geoffrey Styles
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The 2014 "tax extenders" bill, S.2260, failed to pass a cloture vote in the US Senate recently. That has spoiled for now the chances of reviving the Production Tax Credit (PTC) for wind and other (non-solar) renewables that expired at the end of last year.[read more]

Senate Finance Committee Approve Bill to Extend Renewable Energy Production Tax Credit

April 11, 2014 by Tom Schueneman
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Renewable Energy Production Tax Credit

Late last week the Senate Finance Committee approved the “Expiring Provisions Improvement Reform and Efficiency (EXPIRE) Act.” The bill will extend a number of expired or expiring tax provisions, including the Renewable Energy Production Tax Credit (PTC) and Investment Tax Credit (ITC).[read more]

Is the Wind Energy Tax Credit About to Expire for Good?

December 19, 2013 by Geoffrey Styles
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With the end of the year fast approaching, the US wind industry faces another scheduled expiration of federal tax credits for new wind turbines. The wind Production Tax Credit was due to expire at the end of 2012 but was extended for an additional year as part of last December’s “fiscal cliff” deal.[read more]

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Let's Really Talk About Costs: A Letter to PTC Naysayers

December 19, 2013 by Clean Energy Leadership Institute
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Production Tax Credit and Costs

With the clock ticking on the production tax credit (PTC) for wind energy, antagonists have been pointing to the cost of the credit and calling for its end. They highlight the fact that extending the PTC for one more year would cost the United States $6.1 billion over ten years.[read more]

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Can the American Wind Energy Industry Survive Without the PTC?

December 18, 2013 by Jesse Jenkins
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Wind energy and the PTC / shutterstock

Twenty-five Democratic Senators and six of their House colleagues issued a pair of letters Monday pressing Congress to renew the clean energy tax incentives before they expire at the end of the year. The letter called out the PTC alongside nine other clean energy tax credits set to expire at year’s end.[read more]

Which States Win And Which States Lose On The Production Tax Credit?

December 14, 2013 by Silvio Marcacci
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State Tax Credits

It may seem ironic, considering Republican-led opposition to the incentive, but Texas, Iowa, North Dakota, and Oklahoma earned hundreds of millions more in revenue from the Production Tax Credit in 2012 than they paid into it through taxes.[read more]

Wind Energy and the Myth of Widespread Negative Pricing

May 21, 2013 by Herman Trabish
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wind energy and the grid

Wind only sets the market price if it is the most expensive resource on the system, and that almost never happens because wind has a zero fuel cost. If wind is setting the price, everything else in the area has been turned off.[read more]

Warren Buffett Pumps $1.9 Billion Into Iowa Wind Energy

May 15, 2013 by Tina Casey

wind energy in Iowa

When Warren Buffet's MidAmerican Energy announced the new investment, it gave full credit to the extension of the production tax credit for enabling it to expand its wind generating capacity.[read more]

The PTC and the Future of the Wind Energy Industry

January 28, 2013 by Bill Squadron

After seeing the Production Tax Credit (PTC) extended through 2013 in the recent “fiscal cliff” legislation, the wind industry is now looking ahead to the tax reform debate. According to E&E Publishing several industry lobbyists are preparing for a renewed push for a longer-term extension of the PTC that would phase out over time.[read more]

Assessing the Wind Production Tax Credit

January 8, 2013 by Clifton Yin

As part of the recent fiscal cliff deal, Congress authorized a one-year extension for the wind production tax credit (PTC) – welcome news for the industry that was largely overshadowed by the other terms of the bargain. But as The Washington Post writer Brad Plumer points out, “even with the tax credit renewal, the wind industry is still...[read more]

A Late Christmas Gift for Renewable Energy

January 7, 2013 by Geoffrey Styles
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Fiscal Cliff via Shutterstock

The US Senate's "fiscal cliff" package wasn't exactly eight maids a-milking--the traditional gift for the eighth day of Christmas--though it did apparently resolve the impending "milk cliff".  Of greater relevance, the "tax extender" portion of the American Taxpayer Relief Act of 2012 passed by both the Senate...[read more]

Wind Lobby Seeks Path Beyond Boom and Bust

December 21, 2012 by Alex Trembath

Wind Farm via Shutterstock

 In no other industry are the conflicts over subsidies as zero-sum and fever-pitched as they are in the energy sector.Almost always, it seems, energy producers fight tooth and nail for the rote extension of their support even as opponents—whether green or fossil-fueled—fight for its end.  And the disputes go on and on.And yet,...[read more]

Could Phasing Out The Production Tax Credit Actually Save It?

December 14, 2012 by Jim Pierobon
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A proposal by the American Wind Energy Association (AWEA) to phase out of its key federal subsidyby year-end 2018 in return for its immediate extension could mark a new era in assessing the fiscal costs and the economic and environmental benefits of all energy subsidies.[read more]

Uncertainty Over Production Tax Credit Means Big Decline in New Wind in 2013

December 7, 2012 by Jim Pierobon
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Renewable energy generation grabbed a 46% share of new capacity in the first 10 months of the year, easily outpacing natural gas, coal, nuclear and oil.That’s according to the latest Federal Energy Regulatory Commission Energy Infrastructure update, which covers the January-October time frame. The 46% renewable share includes new wind,...[read more]