Comments - Wind industry crying about U.S. tax proposal - Citizens' Task Force on Wind Power - Maine2024-03-28T18:34:58Zhttps://www.windtaskforce.org/profiles/comment/feed?attachedTo=4401701%3ABlogPost%3A112715&xn_auth=noVarious Subsidies for Wind an…tag:www.windtaskforce.org,2017-11-06:4401701:Comment:1128492017-11-06T17:47:36.267ZWillem Posthttps://www.windtaskforce.org/profile/WillemPost942
<p><b>Various Subsidies for Wind and Solar:</b> We pay for electricity through our monthly electricity bills and through taxes that finance various subsidies for wind and other energy producers, such as:</p>
<p> </p>
<p>- The federal ITC, 30% of the qualified portion of the turnkey capital cost. The federal ITC is an upfront, tax credit that can be applied against any of owner’s taxes.</p>
<p>- The state ITC, usually a percentage of the federal ITC. The state ITC is an upfront, tax credit that…</p>
<p><b>Various Subsidies for Wind and Solar:</b> We pay for electricity through our monthly electricity bills and through taxes that finance various subsidies for wind and other energy producers, such as:</p>
<p> </p>
<p>- The federal ITC, 30% of the qualified portion of the turnkey capital cost. The federal ITC is an upfront, tax credit that can be applied against any of owner’s taxes.</p>
<p>- The state ITC, usually a percentage of the federal ITC. The state ITC is an upfront, tax credit that can be applied against any of owner’s taxes.</p>
<p>- The federal production tax credit, PTC, of 2.3 c/kWh for the first 10 years of operation, a subsidy of 2.3/5 = 46% of the US average wholesale price. No wonder owners are crowing about underbidding traditional generating plants. For example, in areas with good winds, low construction costs and low operation and maintenance costs, if an owner’s cost is 7.3 c/kWh and he deducts 2.3 c/kWh as PTC, then his bid price could be 5 c/kWh, which is sufficient to get the contract, in most cases, and “competitive” with traditional plants. </p>
<p>- The federal and state tax savings due to rapid depreciation write-offs in about 5 to 6 years, much more rapid than normal utility equipment write-off schedules of 10 to 20 years. Having tax savings earlier, instead of later, is financially more advantageous.</p>
<p>- The exemption of equipment purchases from the state sales tax and from the education property tax.</p>
<p>- Selling at generous feed in tariffs of about 9 - 10 c/kWh in areas with high capital costs and low capacity factors (CFs), such as New England.</p>
<p>- Selling renewable energy credits, RECs, which lower the utility purchased RE energy cost by up to 50%.</p>
<p>- Loan guarantees by the federal and state government, which lower the interest rate of the funds borrowed from private entities, because the federal and state government assume the risk of the loans.</p>
<p> </p>
<p><b>NOTE:</b></p>
<p>Wind ITC and Wind PTC decrease in 2017, 2018, 2019, and expire in 2020.</p>
<p>Solar ITC decreases in 2020, 2021, and expires in 2022.</p> They are lucky to get even 1.…tag:www.windtaskforce.org,2017-11-05:4401701:Comment:1128462017-11-05T23:52:28.626ZWillem Posthttps://www.windtaskforce.org/profile/WillemPost942
They are lucky to get even 1.5 c/kWh as PTC<br />
<br />
They still have the ridiculously short 5 y depreciation write off, which means they can write off most of the turnkey capital cost, save a lot in federal and state taxes, and laugh all the way to the bank, while us suckers have to make up the difference, plus pay higher electric rates.<br />
The sooner the Warren Buffett types get their wings clipped, the better.
They are lucky to get even 1.5 c/kWh as PTC<br />
<br />
They still have the ridiculously short 5 y depreciation write off, which means they can write off most of the turnkey capital cost, save a lot in federal and state taxes, and laugh all the way to the bank, while us suckers have to make up the difference, plus pay higher electric rates.<br />
The sooner the Warren Buffett types get their wings clipped, the better. That the Town of Falmouth fai…tag:www.windtaskforce.org,2017-11-04:4401701:Comment:1128292017-11-04T19:46:03.501ZBarbara Durkinhttps://www.windtaskforce.org/profile/BarbaraDurkin
That the Town of Falmouth failed to disclose to residents Vesta's warning letter about noise, (that required Town Administrator's signature), should be sufficient to support a Tort case for damages to turbine neighbors harmed by "nuisance" wind turbines for seven years.
That the Town of Falmouth failed to disclose to residents Vesta's warning letter about noise, (that required Town Administrator's signature), should be sufficient to support a Tort case for damages to turbine neighbors harmed by "nuisance" wind turbines for seven years. Falmouth Massachusetts Vestas…tag:www.windtaskforce.org,2017-11-04:4401701:Comment:1128272017-11-04T17:20:48.913ZFrank Haggertyhttps://www.windtaskforce.org/profile/FrankHaggerty
<div>Falmouth Massachusetts Vestas V-82 type 1.65 megwatt Wind Turbine Manual </div>
<div>Check out noise levels : <span>Occupational Noise Exposure See Page 231 of 511 pages on PDF reader </span></div>
<p><span><a href="https://www.opsb.ohio.gov/opsb/assets/File/12-0160-Vestas%20Health%20Safety%20%26%20Environment%20Manual.PDF" target="_blank">https://www.opsb.ohio.gov/opsb/assets/File/12-0160-Vestas%20Health%20Safety%20%26%20Environment%20Manual.PDF</a></span></p>
<div>Falmouth Massachusetts Vestas V-82 type 1.65 megwatt Wind Turbine Manual </div>
<div>Check out noise levels : <span>Occupational Noise Exposure See Page 231 of 511 pages on PDF reader </span></div>
<p><span><a href="https://www.opsb.ohio.gov/opsb/assets/File/12-0160-Vestas%20Health%20Safety%20%26%20Environment%20Manual.PDF" target="_blank">https://www.opsb.ohio.gov/opsb/assets/File/12-0160-Vestas%20Health%20Safety%20%26%20Environment%20Manual.PDF</a></span></p> Wind Energy Isn’t a Breeze' i…tag:www.windtaskforce.org,2017-11-04:4401701:Comment:1130422017-11-04T16:35:33.263ZBarbara Durkinhttps://www.windtaskforce.org/profile/BarbaraDurkin
Wind Energy Isn’t a Breeze' is a Powerful reflection by Leah McBride on surrender of private property rights to Big Wind-<br />
<a href="http://www.slate.com/articles/technology/future_tense/2017/08/why_farmers_in_iowa_hope_wind_energy_will_blow_over.html" target="_blank">http://www.slate.com/articles/technology/future_tense/2017/08/why_farmers_in_iowa_hope_wind_energy_will_blow_over.html</a>
Wind Energy Isn’t a Breeze' is a Powerful reflection by Leah McBride on surrender of private property rights to Big Wind-<br />
<a href="http://www.slate.com/articles/technology/future_tense/2017/08/why_farmers_in_iowa_hope_wind_energy_will_blow_over.html" target="_blank">http://www.slate.com/articles/technology/future_tense/2017/08/why_farmers_in_iowa_hope_wind_energy_will_blow_over.html</a> Thank you for your eloquent e…tag:www.windtaskforce.org,2017-11-04:4401701:Comment:1127352017-11-04T16:17:32.093ZBarbara Durkinhttps://www.windtaskforce.org/profile/BarbaraDurkin
Thank you for your eloquent eviceration of the biggest fraud of the 21st Century-sWINDle, Eskutassis!<br />
<br />
These multinationals LLCs are very predatory and usually much more sophisticated than small town politicians they dupe and exploit.<br />
<br />
When truth outs, as it does, fathers stop speaking to sons, neighbors fight neighbors, liberties and freedoms are gone with the wind.<br />
<br />
We are funding the destruction of our environment while making the perps rich.<br />
<br />
Remorseful Farmer, Ruined Land-…
Thank you for your eloquent eviceration of the biggest fraud of the 21st Century-sWINDle, Eskutassis!<br />
<br />
These multinationals LLCs are very predatory and usually much more sophisticated than small town politicians they dupe and exploit.<br />
<br />
When truth outs, as it does, fathers stop speaking to sons, neighbors fight neighbors, liberties and freedoms are gone with the wind.<br />
<br />
We are funding the destruction of our environment while making the perps rich.<br />
<br />
Remorseful Farmer, Ruined Land-<br />
<a href="http://betterplan.squarespace.com/wisconsin-farmer-regrets-sayin/" target="_blank">http://betterplan.squarespace.com/wisconsin-farmer-regrets-sayin/</a><br />
<br />
Sophisticated and Predatory Wind Developers surprise landowners with $30 million in liens on their properties.<br />
<a href="https://ontario-wind-resistance.org/2015/10/09/west-perth-farmers-hit-with-32-million-liens-by-wind-turbine-construction-contractors/" target="_blank">https://ontario-wind-resistance.org/2015/10/09/west-perth-farmers-hit-with-32-million-liens-by-wind-turbine-construction-contractors/</a> This reminds me of a little k…tag:www.windtaskforce.org,2017-11-04:4401701:Comment:1128132017-11-04T14:39:33.450ZEskutassishttps://www.windtaskforce.org/profile/JimLutz688
<p>This reminds me of a little kid, spoiled rotten, who stomps his feet pounds his fist and keeps saying "It's Not Fair!". Well Life's Not Fair Snowflake. You have been handed a silver platter supporting a business that has NOT been able to stand on its own for 40 years. Notice that all the articles say that the "investment" from outside will dry up if the PTC is lifted. Why would that happen? Because no business investor wants to put money into a business that without a gift from the…</p>
<p>This reminds me of a little kid, spoiled rotten, who stomps his feet pounds his fist and keeps saying "It's Not Fair!". Well Life's Not Fair Snowflake. You have been handed a silver platter supporting a business that has NOT been able to stand on its own for 40 years. Notice that all the articles say that the "investment" from outside will dry up if the PTC is lifted. Why would that happen? Because no business investor wants to put money into a business that without a gift from the government can NEVER make any money, and would be put OUT of business by prices that the consumer would reject.</p>
<p>Trump, no matter what you think about him, is a Capitalist Businessman. He does not look at jobs or industries that provide jobs or build factories on the backs of taxpayers as legitimate. They are not holding up their end of the production levels, and NEVER will. The entire industry has been based on fiction and outright lies. This bill, if it goes through should provide a starting point for the dismantling of the wind industry in America. If they can be held down for eight years, they should fold their tent and go break the bank in the rest of the world.</p>