John Hennessy III,
P.E.
UNITED STATES DEPARTMENT OF ENERGY
According to a new report commissioned by the Energy Department, a U.S. offshore wind industry that takes advantage of this abundant domestic resource could support up to 200,000 manufacturing, construction, operation and supply chain jobs across the country and drive over $70 billion in annual investments by 2030.
THE NORTHBRIDGE GROUP by Frank Huntowski, Aaron Patterson, and Michael Schnitzer Executive Summary As a matter of both economics and public policy, no government production tax subsidy should ever be so large that it creates an incentive for a business to actually pay customers to take its product. Yet, the federal Production Tax Credit (“PTC”) […]
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U.S. DEPARTMENT OF ENERGY Introduction The U.S. wind power industry is facing uncertain times. With 2011 capacity additions having risen from 2010 levels and with a further sizable increase expected in 2012, there are – on the surface – grounds for optimism. At the same time, the currently-slated expiration of key federal tax incentives for […]
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CENTER FOR RENEWABLE ENERGY Executive Summary A number of factors have contributed to the rapid growth of wind power capacity in Illinois from 50 MW in 2003 to 3,334.91 MW in 2012, including federal and state policies, energy security, energy costs, environmental benefits, and economic development opportunities. One key policy driver in Illinois was the […]
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NATIONAL RENEWABLE ENERGY LABORATORY
Historically, federal incentives for renewable energy development in the United States largely consisted of the investment and production tax credits (ITC and PTC) and the accelerated depreciation benefit for renewable energy property [the Modified Accelerated Cost Recovery System (MACRS) and the bonus depreciation]. Both the ITC and the PTC provide financial incentives for development of renewable energy projects in the form of tax credits that can be used to offset taxes paid on company profits.
AMERICAN WIND ENERGY ASSOCIATION
Navigant evaluated the impact of two scenarios of the Production Tax Credit (PTC) on the U.S. wind market through 2016.
Scope of Study
»We evaluated the impact of the following two scenarios:
Scenario 1: the PTC expires at the end of 2012.
Scenario 2: the PTC has a four-year extension and expires at the end of 2016.
GOOGLE.ORG
Our need for energy must be balanced against the often competing interests of the economy, environment, and national security. Clean, sustainable, safe, and secure sources of energy are needed to avoid long-term harm from geopolitical risks and global climate change. Unless fully cost-competitive with fossil fuels, the adoption of clean technologies will either be limited or driven by policy. Innovation in clean energy technology is thus needed to reduce costs and maximize adoption. But how far can energy innovation go towards meeting economic, environmental, and security needs? This analysis attempts to estimate the potential impact clean energy innovation could have on the US economy and energy landscape.
PIKE RESEARCH
This Pike Research report provides an in-depth analysis of global opportunities in the offshore wind power market, as well as an examination of key challenges facing the industry.
Find out what the inside of a wind turbine looks like and how it works as Liz from First Wind embarks on the 6 minute climb inside the tower to the top.
-WindforMaine on YouTube
U.S. PIRG
Nuclear power is among the most costly approaches to solving America’s energy problems. Per dollar of investment, clean energy solutions – such as energy efficiency and renewable resources – deliver far more energy than nuclear power. This fact has important implications for America’s energy policy. By directing resources toward the most cost-effective solutions, we can make greater progress toward a secure, reliable and safe supply of electricity to power America’s economy.
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