The AWEA Blog: Into the Wind

Fact check: Free Beacon's Stiles blasts #windpower incentive, gives others a pass: #windworks #ptc

Fact check: Free Beacon's Stiles blasts wind incentive, gives others a pass Posted: 2012-10-04 Tom Gray, Consultant Andrew Stiles had a recent column in the Washington Free Beacon criticizing the federal wind energy Production Tax Credit (PTC), but strangely ignoring incentives for other energy sources. For the record, a few facts Mr. Stiles fails to mention: Wind's incentive is not a handout--it's provided in the form of a federal tax credit. Unless you assume that all the money people and companies earn in the private sector belongs to the government, a tax reduction is different from government subsidies or loan guarantees. A tax credit leaves more money in private hands, creating private investment and privately financed jobs. The PTC has helped the wind power industry attract $60 billion in private investment since 2005—clearly, it is a successful business tax credit ...

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