When All Else Fails

End the Wind Power Tax Credit

from PApundits

wind-farmLike so much else that involves the absurd “renewable energy” scam—wind, solar power and ethanol—the public remains largely in the dark about its actual costs. They come straight out of their pockets in the form of higher costs for electricity and, in the cast of ethanol, lost mileage and engine damage.

At the end of this year, unless Congress does something spectacularly stupid—always a possibility—the Wind Production Tax Credit (PTC) will expire. If extended for just one more year, it will cost $12 billion. If wind energy was (1) reliable and (2) economical, one could make a case for it, but it is the very opposite.

Thomas Pyle, president of the American Energy Alliance, says “The wind industry claims a PTC extension will create 37,000 jobs. At a $12 billion price tag, that’s $327,000 taxpayer dollars for every job. But even with the PTC, the industry lost 10,000 jobs between 2009 and 2010, a 12% drop.”

Another way the wind industry has stayed in business, but not in the competitive sense of other industries, has been renewable energy mandates that require state utilities to purchase wind powered electricity generation. Many states have opted out of such mandates as they realized the cost to consumers.

The wind industry in America, according to Pyle, has cost taxpayers $20 billion over the past two decades “and, today, the PTC is so lavish that wind producers are actually paying the electricity grid to take their power, just so they can collect more taxpayer money.”

Read more here.

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