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Senior Advisor

About that wind power

You would think after 23 years of subsidies it could survive on it's own. Oh well, Warren Buffett is one of Almighty Big Government chosen winners. He needs help, can't be the world's richest all on his own.

 

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Last year, the wind power subsidy cost federal taxpayers $12 billion. This is more than double the historical average of $5 billion a year. The subsidy provides a direct payment to wind and solar producers, based on the amount of power they produce. For wind power, the subsidy is worth around $23 per megawatt of power, around half the wholesale price of electricity.

The hand-out to wind farms can be even more generous when state and local tax credits are factored in. Despite more than two-decades of promises, the wind power industry seems to be wholly dependent on the federal subsidy to even exist.

According to a report commissioned by the wind industry itself, wind power generation is particularly dependent on the federal subsidy. With current subsidies, the wind industry is expected to provide 8 GW of power across the US. Without the subsidy, power generation from wind would fall to 2 GW of power.

Warren Buffett, a big investor in wind power, admitted the industry’s reliance on the federal subsidy. “[O]n wind energy, we get a tax credit if we build a lot of wind farms. That’s the only reason to build them. They don’t make sense without the tax credit.”

While the 23-year subsidy for wind has enriched investors like Warren Buffett, it has done little to rebalance America’s energy supply. Despite the tens of billions in subsidies, wind power provided just 1.6 percent of the US energy needs last year.

 

http://www.breitbart.com/big-government/2015/12/17/gop-budget-oks-billions-wind-solar-power-subsidie...

38 Replies
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Senior Contributor

Re: About that wind power

Farmin' the government......oh look, here comes Hobby.....wonder what he wants.

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Advisor

Re: About that wind power

I was gonna build a big wind farm but I couldn't get wind insurance.Smiley Very Happy Smoke that in your pipe little hobyfarm214...

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Senior Contributor

Re: About that wind power

What are your thoughts on the TVA or the Grand Coolee or the Hoover dam etc?

Senior Advisor

Re: About that wind power


@OKdon wrote:

What are your thoughts on the TVA or the Grand Coolee or the Hoover dam etc?


Progressive liberals would never allow the Hoover dam to be built today.

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Advisor

Re: About that wind power

Yeah, and can you believe they named a dam after a dam republician? Ironic, isn't it?

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Veteran Advisor

Re: About that wind power

The old premise that intelligence has limits but stupidity has none was just proven!!

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Advisor

Re: About that wind power

Lighten up Bart, it was a joke.

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Veteran Advisor

Re: About that wind power

Yes, it was a little joke, a VERY little joke!  ;-)

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Senior Contributor

Re: About that wind power

Those projects have paid for themselves many times over, are still in operation today, and have provided Americans with plentiful and affordable power.  Chinese made windmills are lucky to last 2 years and will never pay for themselves even with the over priced electricity we are forced to buy from them.