NewEnergyNews: Wind Is ‘Such A Deal!’

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    Thursday, June 16, 2016

    Wind Is ‘Such A Deal!’

    Wind Energy Pays It Forward

    Kelley Welf, June 14, 2016 (Morning Consult)

    …Wind is 66 percent cheaper than it was just six years ago, thanks to technological advances that make harvesting energy from the wind more effective and efficient than ever before. Improved America manufacturing has also driven down costs, which has the added benefit of creating good, family-supporting jobs for 88,000 Americans…In many parts of the country, particularly in the Midwest, wind is often the cheapest source of new energy capacity…[Many think the only thing that keeps wind energy cost-effective is its Production Tax Credit (PTC), but that is simply not the case…[ Lazard’s Levelized Cost of Energy Analysis and the Energy Information Administration] showed wind as the low-cost leader, even without the PTC…Wind energy receives only about two percent of total cumulative federal energy incentives…[and] the PTC is a tax credit based on production…[which means it] has to be earned…A Congressional Research Service report from 2014 indicated that the cumulative value of the PTC was about $10 billion through 2015, while the Nuclear Energy Institute, for example, reports $594 billion in government subsidies for fossil fuels over the last 60 years, and $73 billion for the nuclear industry alone…” click here for more

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