Will wind tax credit blow away?

  • Article by: DAVID SHAFFER and JIM SPENCER , Star Tribune staff writers
  • Updated: December 15, 2012 - 9:28 PM

Some think investors will back away from wind projects without the extension of a tax benefit.

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jim2011beamDec. 15, 1211:23 PM

"After 20 years of federal support, Young said, wind should be able to stand on its own." The same goes for ethanol.

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rickbmnDec. 16, 12 8:24 AM

Stop ALL subsidies immediately! If they cannot stand on their own via the marketplace, then they are not viable forms of energy.

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timandtiaDec. 16, 12 8:44 AM

You know, people are so simplet minded. We have to remember, oil will some day run out and then what will we do? Using sunlight is the best energy source we should be using. Wind energy is the next best thing. I just hope that the narrow minded congress can see into the "long run" and keep this source of energy going. I cannot believe that there is not a buyer for this energy - just can't believe it.

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earneditDec. 16, 12 8:44 AM

"After 20 years of federal support, Young said, wind should be able to stand on its own." Yet the oil companies not only get subsidized exploration credits but have for years gotten reduced lease rates, representing a fraction of the return on value. Add to that the destruction of public lands from allowing natural resource extraction. Wind is an extremely viable long term solution to our electric needs. The cost of wind will never go up nor will the reservoir of wind decline like it will fossil fuels. Stopping the credits for wind is short sighted at best.

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laufin8Dec. 16, 12 9:53 AM

I would like to see a comparison in tax credits awarded to the Oil companies ( who have been receiving tax credits for a century) in the past 20 years and the Wind Energy companies, and to further the comparison, how those credits were broken down, i.e. installation or production/performance. My uneducated guess says it's a bit one-sided.

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theagonybhoDec. 16, 1210:01 AM

earnedit, the whole green thing is a boondoggle, for every dollar we spend we get about 20 cents in return. In the future sure we can spend some money on it but right now run on oil and will until we die, so i say thats where the majority of the focus should be.

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rolflindyDec. 16, 1210:18 AM

The Energy Information Administration reports that on a per equivalent unit of energy produced oil and gas get 28 cents in subsidies; nuclear $1.79; corn ethanol $20.37; wind $32. 39; and solar $63. US wind operates at a 29% capacity factor and provides about 3% of our electric energy on a very intermittent basis. Take away the PTC and the wind business goes as quiet as the wind on a calm day.

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cavellDec. 16, 1212:01 PM

Yes, solar and wind DO generate power. But we will go bankrupt paying for them. We literally have to pay people to use them.

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guffmanDec. 16, 1212:14 PM

Rolfindy nailed it. Facts. Wow, it sucks when one's emotion is confronted with facts. Here is additional context - wind does not always blow. When it blows, it varies in speed. Sometimes, it blows too hard for turbines to handle. Sometimes it is too weak. Sometimes it is too cold or too warm to operate them. Windmills are a BLIGHT on the landscape and ruin thousands of acres of land just to satisfy the emotional whims of those who think we can replace oil. If you want wind power, build your own turbine but stay out of my TAX dollars to do it. Wind is a farce, as is solar. Too costly (see all of the failed solar companies).

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beavis38Dec. 16, 1212:16 PM

The subsidies and tax credits need to stop for wind, ethanol, farming, etc.... We need to get the budget balanced before we continue to hand out money for "feel good" projects. None of these are needed yet and when they are the technology should exist and be cost effective so it will float it's own boat.

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