What is the Wind Production Tax Credit (PTC)? http://ptcfacts.info/
Wind Production Tax Credit Facts
Who Are We?
AWED (Alliance for Wise Energy Decisions) is an informal coalition of citizens and organizations who believe that: 1) we do have energy and environmental issues, and 2) such technical matters should be resolved by applying genuine science. For more info about who we are, see the Contact US page.
What is the Wind Production Tax Credit (PTC)?
In brief, the PTC is a tax that is collected from all U.S. taxpayers, and provided as a federal subsidy to all qualifying wind developers (typically owned by foreign conglomerates). These substantial cash payments amount to 2.2˘ per kWh of electricity produced, and last for ten (10) years after a qualifying project goes online. This handout has been in effect for most of the last twenty years, but the eligibility for new projects is currently set to expire on 12/31/12. See this for more details.
The fundamental question is: should taxpayers continue to fund the wind business?[Note: Congress estimates that a one year extension of the PTC will cost taxpayers over $12 Billion (see item III-11).]
This is a complicated question concerning a very technical business. The PTC extension advocates are focusing on job claims. Information in our presentations below, and on the Job Claims page of this site, indicate that there is a net jobs LOSS from wind energy.
Our assumption is that readers are interested in getting a more balanced and in-depth picture of this important taxpayer, energy and environmental matter. Towards that end we have created the following two slide presentations…