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DO NOT Extend the renewable energy Production Tax Credit
Wind energy facilities currently benefit from having up to 75% of their capital value paid for by taxpayers through not only the 10-year Production Tax Credit, but also 5-year double-declining balance accelerated depreciation, a variety of grants and other incentives, and state and municipal tax breaks. In addition to selling electricity, they are able to sell "renewable energy credits" to further increase their profits.
These facilities are usually developed by developers funded by private investors, increasingly from other countries, who more than welcome such largesse with the public's money. In fact, they clamor for it, pretending it is necessary to their success and that their interests is purely beneficial to all.
Besides the obvious unfairness of this funding, wherever giant wind facilities are constructed, the public has complained of serious ill effects, from loss of natural views, environmental harm, and adverse effects on wildlife and even human health.
DO NOT Extend the renewable energy Production Tax Credit.
wind power, wind energy, wind turbines, wind farms, environment, environmentalism
