IRS Overreach on Wind Power: Likely Illegal


IRS Overreach on Wind Power:

Likely Illegal 

Remember the wind PTC/ITC phase-out
enacted by Congress under the
Protecting American from Tax Hikes Act of 2015
(PATH Act)?
Under that law, the wind PTC would be reduced by 20% in each of the years 2017, 2018, and 2019 for projects that start construction.[1] So in 2017, 80 percent; 2018, 60 percent, and 2019, forty percent of the full credit would be received. Then in 2020, the PTC would expire entirely.
Well, the phase-out has been nullified by the IRS, paving the way for tens of thousands of new wind megawatts to be built between now and 2020 under the full subsidy.
How can this happen, you might ask? It’s easy when you have a clueless Congress and an out-of-control IRS that’s beholden to big wind as part of President Obama’s war on natural gas, coal, and oil.

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It’s time to finally hold the IR$ accountable!"

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Comment by DarrylMueller on May 22, 2016 at 5:28pm
Comment by Jim Wiegand on May 15, 2016 at 3:15pm

IRS also doesn't require an accounting for any of the energy flowing into renewable energy projects. This is the opposite of the accounting used by Americans to determine the amount yearly taxes due the IRS.  If this same accounting were used for renewable energy projects to determine net energy or real energy produced, the Tax Credits given out each year to this fraudulent industry would shrink by the billions.                                                                                                                        Lastly despite what is posted on the EIA site, the Wind industry is not generating  with a capacity factor of nearly 35%. Factor in the true net energy from these projects and the embellished wind energy numbers along with tax credits will plummet. 

Hannah Pingree on the Maine expedited wind law

Hannah Pingree - Director of Maine's Office of Innovation and the Future

"Once the committee passed the wind energy bill on to the full House and Senate, lawmakers there didn’t even debate it. They passed it unanimously and with no discussion. House Majority Leader Hannah Pingree, a Democrat from North Haven, says legislators probably didn’t know how many turbines would be constructed in Maine."

https://pinetreewatch.org/wind-power-bandwagon-hits-bumps-in-the-road-3/

 

Maine as Third World Country:

CMP Transmission Rate Skyrockets 19.6% Due to Wind Power

 

Click here to read how the Maine ratepayer has been sold down the river by the Angus King cabal.

Maine Center For Public Interest Reporting – Three Part Series: A CRITICAL LOOK AT MAINE’S WIND ACT

******** IF LINKS BELOW DON'T WORK, GOOGLE THEM*********

(excerpts) From Part 1 – On Maine’s Wind Law “Once the committee passed the wind energy bill on to the full House and Senate, lawmakers there didn’t even debate it. They passed it unanimously and with no discussion. House Majority Leader Hannah Pingree, a Democrat from North Haven, says legislators probably didn’t know how many turbines would be constructed in Maine if the law’s goals were met." . – Maine Center for Public Interest Reporting, August 2010 https://www.pinetreewatchdog.org/wind-power-bandwagon-hits-bumps-in-the-road-3/From Part 2 – On Wind and Oil Yet using wind energy doesn’t lower dependence on imported foreign oil. That’s because the majority of imported oil in Maine is used for heating and transportation. And switching our dependence from foreign oil to Maine-produced electricity isn’t likely to happen very soon, says Bartlett. “Right now, people can’t switch to electric cars and heating – if they did, we’d be in trouble.” So was one of the fundamental premises of the task force false, or at least misleading?" https://www.pinetreewatchdog.org/wind-swept-task-force-set-the-rules/From Part 3 – On Wind-Required New Transmission Lines Finally, the building of enormous, high-voltage transmission lines that the regional electricity system operator says are required to move substantial amounts of wind power to markets south of Maine was never even discussed by the task force – an omission that Mills said will come to haunt the state.“If you try to put 2,500 or 3,000 megawatts in northern or eastern Maine – oh, my god, try to build the transmission!” said Mills. “It’s not just the towers, it’s the lines – that’s when I begin to think that the goal is a little farfetched.” https://www.pinetreewatchdog.org/flaws-in-bill-like-skating-with-dull-skates/

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