In many industries, federal tax policies and regulations provide large incentives for increased production.
In the case of wind power, however, tax policy merely creates dependence.
As the debate of the production tax credit, or PTC, for wind power continues on the Hill, many groups have ramped up lobbying activities and arm-twisting both in the corridors of Congress and the cubicles of the press corps.
Currently, the total amount of federal tax credits for the energy sector peaks at $16 billion, with one-quarter designated for gas and oil and the rest apportioned for energy renewables like wind. If the tax credit, as proposed, is eventually passed, the current 3:1 ratio could reach a subsidy ratio of 9:1 in the future.
Read the full story at Fuel Fix.