The Institute for Energy Research is a not-for-profit organization that conducts intensive research and analysis on the functions, operations, and government regulation of global energy markets.

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May 6, 2016

Big Wind’s Windfall

May 6, 2016
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Wind Industry Cashes In on IRS Extension

WASHINGTON — Institute for Energy Research President Thomas Pyle issued the following statement on the Internal Revenue Service’s decision to double the “commence construction” period for wind power projects from two to four years:

“This is nothing short of theft from American taxpayers. The IRS is far more concerned about providing special interest handouts through the wind PTC than protecting the American families who actually pay taxes. This is a travesty, but it is par for the course for an administration that has no concern for the economic well being of everyday Americans.

“This is just another example of the Obama administration circumventing the will of Congress, which began the process of phasing out this wasteful subsidy in December of last year. It now falls to Congress to clean up the taxpayer-funded mess this administration has made.”

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  • tompro97

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  • Paul Sharp

    Wind power is truly a “taxpayer-funded mess”. Design decisions are made by government directed administrative bureaucracies and are not being held accountable. The wind power industry is not given scrutiny by the media, with the exception of IER and a few other sources and these sources are not given a voice in the public square; one has to search for them. At the very least the public should be informed of the subsidies involved, the impact on fossil fuel consumption and the impact on need for fossil and nuclear plants. Wind power is a huge boondoggle; it contributes to our staggering national debt.

  • Matt

    What about oil and gas subsidies? How much in tax breaks does oil and gas get every year? Why does this NEVER come up in this discussion? This is the same old argument and nothing new here, and where does IER get its funding from anyway? Sure seems like a lot of *cough* oil and gas money *cough*. Be objective and report something real. Here’s something for you to chew on, check out these LCOE numbers (https://www.eia.gov/forecasts/aeo/electricity_generation.cfm). I’ll save you the trouble and let you know that wind energy is highly competitive with other energy sources so…there’s that…

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