10-06-2016, 05:29 AM
This article on a new Iowa wind farm explains a lot about wind farms being esseentially not worth it, unless government puts up huge tax breaks.
http://thehill.com/blogs/congress-blog/e...edits-than
(Bold added by me)
Warren Buffett has admitted as much. In 2014 he explained: “I will do anything that is basically covered by the law to reduce Berkshire's tax rate [. . .] 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.”
and...
"In other words, government policy is doing everything in its power to set the stage for wind. Those investing in wind stand to reap guaranteed profits, while taxpayers and ratepayers have to pay more in the end. In terms of tax dollars, the production tax credit for wind is estimated to cost taxpayers $13.8 billion between 2014 and 2018. Energy mandates, meanwhile, will drive up electricity prices as traditional energy sources are phased out for costlier power provided by wind and solar."
In other words, wind and solar is too expensive to build and operate without massive tax incentives - which means your tax money.
http://thehill.com/blogs/congress-blog/e...edits-than
(Bold added by me)
Warren Buffett has admitted as much. In 2014 he explained: “I will do anything that is basically covered by the law to reduce Berkshire's tax rate [. . .] 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.”
and...
"In other words, government policy is doing everything in its power to set the stage for wind. Those investing in wind stand to reap guaranteed profits, while taxpayers and ratepayers have to pay more in the end. In terms of tax dollars, the production tax credit for wind is estimated to cost taxpayers $13.8 billion between 2014 and 2018. Energy mandates, meanwhile, will drive up electricity prices as traditional energy sources are phased out for costlier power provided by wind and solar."
In other words, wind and solar is too expensive to build and operate without massive tax incentives - which means your tax money.