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Tag Archives: industrial wind tax subsidies
NPR, “The wind industry typically rises and falls with the passing and expiration of federal tax credits.” Glenn Schleede offers a warning.
Place this little gem in the “tell me something I didn’t know” file – Wind Power Wanes With Fading Federal Incentives According to the post, “when the credit markets dried up in 2008, so did the money for new projects. … Continue reading
“Wind farm owners have a strong incentive to sell off or abandon their projects once tax benefits have been captured…”
“Wind farm owners have a strong incentive to sell off or abandon their projects once tax benefits have been captured (5-6 years for accelerated depreciation; 10 years for production tax credits), turbine performance deteriorates and/or operating and maintenance costs escalate. … Continue reading
‘Industrial wind’ helps corporations, not taxpayers
Mineral Daily News-Tribune Wed Feb 17, 2010, 12:35 PM EST Keyser, W.Va. – ‘Industrial wind’ helps corporations, not taxpayers To the Editor: We are about to throw away $131 million dollars on a wind farm in Mineral County. I say … Continue reading
Shocker! Ohio County Official: “I don’t think Champaign County can realistically rely on tax revenue from turbines.”
From the Urbana Daily Citizen: Adams, Faber and local officials contest Strickland’s plans to “erase” turbine taxes BREANNE PARCELSStaff Writer While Ohio Governor Ted Strickland touted elimination of tangible personal property taxes for wind and solar companies Tuesday, that prospect … Continue reading