Wind Energy: A Short Guide to Subsidies and Incentives
Around the world, countries offer incentives and tax breaks for investment in wind and other renewable energies. This makes sense for a number of reasons.
It's a little known fact that governments subsidize the petroleum industry. In the US, for example (according to sources), between 5 and 10 billion dollars a year of taxpayer's money goes to the petroleum industry. Less than 500 million a year goes to renewables.
In most places around the world, fossil fuels are more expensive. Governments recognize the finitude of oil reserves and their damage to the environment. They encourage consumers to switch to renewable energies that tap into free sources and do far less harm to the environment.
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In the USA
American incentive programs are increasing. You can read about state and local incentives on the DSIRE database.
Here is a list of Federal initiatives from the database (taken from dsireusa.org):
- Corporate Depreciation:
- Corporate Exemption:
- Corporate Tax Credit:
- Federal Grant Program:
- Federal Loan Program
- Personal Exemption:
- Production Incentive:
- Green Power Purchasing/Aggregation:
- Alternative Fuel Vehicle Incentives and Policies: