Tag Archives: PTC

Did federal renewable incentives make a difference?

December 3, 2012 |

 

Since 2008, U.S. workers have built enough solar and wind farms to power over six million homes with clean energy. This boom was financed primarily by tens of billions in private investment – substantial financial commitments which would not have been made in the midst of a deep financial crisis without strong, sustained policy supports at the state and federal level.

But were federal incentives really necessary and are they still needed moving forward, given recent reductions in solar and wind technology costs?

These questions are especially important in light of discussion around the production tax credit for wind, which is scheduled to expire at the end of this year.

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Taxpayers could save on wind and solar

October 4, 2012 |

 

When something really good is advertised at half price, my first thought is “this is too good to be true.” After doing the research, if I find the deal is really all it’s cracked up to be, I spread the word to as many people as I can, so they can save too.

That’s why, when my research team discovered how much taxpayers stand to save through small changes to federal wind and solar policies, we quadruple-checked our numbers, asked other experts if what we were seeing was correct, and then made a commitment to let as many people know as possible.

It’s no secret that wind and solar in the United States are booming. Renewable electricity generation more than doubled since 2005. While this growth was financed largely through private investment, state and federal policies played a key role in helping these new, important industries expand.

Policymakers support wind and solar because renewable energy brings many benefits for the American people. But key renewable incentives are expiring just as federal lawmakers are looking for opportunities to reduce the deficit. Policymakers understandably want to balance support for renewable energy with these fiscal pressures.

It turns out there are ways to do just that. Let me explain.

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