Top Stories:

Here’s How Republicans Helped EPA’s Global Warming Agenda

Here’s how massive the the “shift” from natural gas to green energy is predicted to be:

green energy additions

Source: The Rhodium Group

For months, conservative groups have warned extending soon-to-expire green energy subsidies would be a huge win for Obama’s plan to fight global warming. Tax credits for wind and solar have been major drivers behind green energy growth.

In 2015 alone, wind and solar companies saw $11.5 billion in tax equity swaps to bring more green energy online. In 2014, green companies benefited from $10.1 billion in tax equity swaps, Renewable Energy World reported. A tax equity swap is when an investor buys into a green energy project in exchange for reaping all the tax benefits.

In the case of wind power, Congress extended a generous tax credit paying wind turbine operators 2.3 cents per kilowatt hour of electricity produced for the first 10 years of operation. For solar, companies get a tax credit equal to 30 percent of the system’s total cost until 2021.

Follow Michael on Facebook and Twitter

Content created by The Daily Caller News Foundation is available without charge to any eligible news publisher that can provide a large audience. For licensing opportunities of our original content, please contact [email protected].

Quantcast

TennesseeWatchman.com

 if the watchman sees the sword coming and does not blow the trumpet, and the people are not warned, and the sword comes and takes any person from among them, he is taken away in his iniquity; but his blood I will require at the watchman’s hand.

Disclaimer:

Opinions posted on TennesseeWatchman.com are those of the individual posters and do not necessarily represent the opinion of TennesseeWatchman.com or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.
%d bloggers like this: