The Briefing Room
General Category => Science, Technology and Knowledge => Topic started by: rangerrebew on January 04, 2020, 04:19:23 pm
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Wind, solar face future without subsidies
James Osborne Dec. 26, 2019
WASHINGTON - More than 25 years after Congress created tax credits to encourage the development of renewable energy, wind turbines and solar panels will soon have to fend for themselves as they never have before.
Under the spending deal approved shortly before Congress took its holiday break, the investment tax credit, which reimburses 30 percent of the cost of new solar systems, will begin winding down next month, dropping to 10 percent for most companies by 2022. The energy production tax credit, which gives wind power generators roughly two cent per kilowatt boost, will follow in 2021, decreasing steadily until eventually hitting zero in 2025.
https://www.houstonchronicle.com/business/energy/article/Wind-solar-face-future-without-subsidies-14930292.php?utm_source=CCNet+Newsletter&utm_campaign=a9f3a3f8c2-EMAIL_CAMPAIGN_2019_12_31_02_55&utm_medium=email&utm_term=0_fe4b2f45ef-a9f3a3f8c2-36447085&mc_cid=a9f3a3f8c2&mc_eid=f4e33fdd1e (https://www.houstonchronicle.com/business/energy/article/Wind-solar-face-future-without-subsidies-14930292.php?utm_source=CCNet+Newsletter&utm_campaign=a9f3a3f8c2-EMAIL_CAMPAIGN_2019_12_31_02_55&utm_medium=email&utm_term=0_fe4b2f45ef-a9f3a3f8c2-36447085&mc_cid=a9f3a3f8c2&mc_eid=f4e33fdd1e)
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They still have not repealed the mandate that utilities have to take the output of those plants.
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Those subsidies may be diminishing for federal funds, but are still there from state coffers.
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They still have not repealed the mandate that utilities have to take the output of those plants.
Are those forced-buys Federally mandated? AFAIK, they are mandated by individual states, which Congress cannot change.