The American Wind Energy Association (“AWEA”) published a July 19th analysis of the percentage of federal energy incentives utilized by wind energy.
The AWEA is the national trade association for the United States wind industry.
AWEA concludes that:
. . . for every dollar spent on federal energy incentives, wind energy received less than three cents.
AWEA states it compiled data from a range of government sources. Also sourced was data from groups identified as the Nuclear Energy Institute and investment firm DBL Partners.
The federal energy incentives addressed are stated to include:
- Federal spending for research and development
- Tax incentives
- Direct deployment incentives
- Other policy interventions
The analysis addressed the Renewable Production Tax Credit (“PTC”) and argues that it has:
. . . enabled the wind industry to make investments in America’s manufacturing and workforce, cutting the cost of wind by more than 60 percent over the last six years. Unlike policies in some other countries that have incentivized deployment, the PTC incentivizes developers to build and deploy the most productive turbines by directly incentivizing the production.
The article also assesses the public health, environmental and economic benefits of wind energy.