- SunEdison founder Jigar Shah says wind energy can survive without a federal tax credit if "we first get rid of far greater amounts of taxpayer support for more mature energy sectors such as oil, gas and coal."
- The tax credit for wind is estimated to cost $3.5 billion a year, but fossil fuels will get $110 billion in government support over the next decade.
- Government support is not the best way to run a business, but the U.S. "has not typically transitioned mature energy technologies off of government support."
From the article: "The Federal Production Tax Credit (PTC) was introduced in the Energy Policy Act of 1992 to spark investments in wind and has been renewed many times, most recently in 2009. It provides investors with a tax credit equivalent to 2.2 cents per kilowatt-hour (kWh) produced – or roughly 20-30% of the cost of a wind farm. It is now a budget reduction target for Congress, set to expire on Dec. 31. ..."