Eric Florack writes for PJMedia.com about bad news for wind power advocates.
Wind power has been sold to us as an environmental utopia, with lower costs, but ends up being nothing of the sort in practice.
With the aid of government subsidies, we are putting up electric generating windmills all over the place. Such subsidies include the Production Tax Credit (PTC), which, according to the Institute for Energy Research (IRER), provides a per-kilowatt-hour tax credit for electricity generated by qualified wind projects; and the Investment Tax Credit (ITC), which provides a tax credit based on the investment made in renewable energy projects, including wind. According to IRER, trillions are being invested here. The United States, under the Biden-Harris climate bill, the Inflation Reduction Act, which is in reality the green new deal under another name, is expected to spend $421 billion between 2025 and 2034 in subsidies to support wind and solar energy. …
… The UK’s efforts to be “green” are linked to industrial electricity costs that are four times as high as they are here in the US, despite even more government subsidies than ours. Their headlong rush to the fantasy known as “net zero” is already having a large negative effect on industry in the UK and its economy.
In the time we’ve been chasing “green energy” worldwide, the evidence shows that wherever wind and solar are utilized, huge outlays from the government and consumers are necessary to keep them online. The actual operating costs of wind and solar, which the government pays for with money it doesn’t have, don’t show up on your electric bill, and are thus hidden from the consumer. And, of course, since such costs effect businesses more, and are reflected in higher consumer costs, but are never shown in connection with energy sources needed to keep the business’ doors open, your wallet is affected in an even larger fashion.
And the rate of taxpayer funding for these projects is only increasing in the efforts to meet arbitrary climate goals, costing even more.
