1 / 6

Wind Energy Tax Credit Renewal

Wind Energy Tax Credit Renewal . What is it?. The tax credit is a gov’t subsidy 2.2 cents per kilowatt hour (kwh) Average wind turbine produces 2.4- 4 million kwh a year Average household uses 10,000 kwh annually. The Issue. Governor Mitt Romney against renewing the tax credit.

krista
Download Presentation

Wind Energy Tax Credit Renewal

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Wind Energy Tax Credit Renewal

  2. What is it? • The tax credit is a gov’t subsidy • 2.2 cents per kilowatt hour (kwh) • Average wind turbine produces 2.4- 4 million kwh a year • Average household uses 10,000 kwh annually

  3. The Issue • Governor Mitt Romney against renewing the tax credit. • Claims that it distorts markets. • Wind energy companies have received the subsidy started in the 1990’s • Wouldn’t stand on their own

  4. The Industry • Boosts rural economies. • Have lost over 1,000 jobs already • Could potentially lose 37,000 • Clean Renewable Energy • Coal: $3.17 billion in 2007 • All renewables: $5.39 billion in 15 years

  5. Mediation • The industry is still young for mass energy production • Very efficient renewable energy that will lead us to energy independence • The Tax Credit needs to be renewed to keep the industry going

  6. Works Cited • Cockerham ,Sean. “Obama, Romney Disagree Over Tax Break for Wind Energy”. The Kansas City Star. Oct. 29, 2012. http://www.kansascity.com • Eskow, Richard. “For the Unemployed, Romney's Debate Was Full of "Wind Jobs"”. The Huffington Post. Oct. 17, 2012. http://www.huffingtonpost.com/ • Heubaum, Harald. “Creating A Truly Level Playing Field: Putting Renewables Subsidies In Context”. ThinkProgress.org. http://thinkprogress.org/ • Casey, Tina. “New Campaign Against “Toxic” Wind Tax Credit Could Backfire”. CleanTechnica.com. http://cleantechnica.com • “Ad Blaming Romney for Colorado Wind-Industry Job Losses in Gray Area”. The Denver Post. http://www.denverpost.com/

More Related