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To: Olog-hai

A few facts about renewables:

The Republican Congress extended the PTC (Production Tax Credit) for wind generation. The wind PTC was retroactively applied to 2015 and extended through 2016, after which it will decline each year until it fully expires in 2020.

The industry fully knows it will be done, gone forever, and they are fine with that, because it’s already possible to generate utility-scale wind at a cost that is competitive with other forms of generation without the PTC. They are ready and able to operate without government subsidies.

Solar is different because it has not yet achieved anywhere near the cost efficiency of wind, and will follow a different curve. The Investment Tax Credit (ITC) for solar will remain at the current 30-percent rate through 2019, after which it will fall to 26 percent in 2020, 22 percent in 2021, and 10 percent in 2022. So it too is set to sunset (pun intended).

In return for these goodies, Congress in 2015 lifted the 40-year ban on crude oil exports that began with the 1970s Oil Embargo Crisis.


26 posted on 01/22/2017 3:44:39 PM PST by bigbob (We have better coverage than Verizon - Can You Hear Us Now?)
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To: bigbob

.
Bullshit!

Bird killing without good reason needs a criminal penalty.
.


34 posted on 01/22/2017 3:46:37 PM PST by editor-surveyor (Freepers: Not as smart as I'd hoped they'd be)
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To: bigbob

Thank you for the reasoned response.


62 posted on 01/22/2017 5:08:36 PM PST by Teacher317 (We have now sunk to a depth at which restatement of the obvious is the first duty of intelligent men)
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To: bigbob

Can it deliver five cents per kilowatt-hour at the residential meter?


70 posted on 01/22/2017 7:25:32 PM PST by Ozark Tom
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