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Fact check: Heritage's Loris misguided on wind incentive

Fact check: Heritage's Loris misguided on wind incentive

The Heritage Foundation's blog carried an article recently by Nicholas Loris criticizing the federal wind energy Production Tax Credit (PTC). The following comment was posted in response, but was disallowed by the Foundation blog moderator.

Federal tax incentives have helped all of our domestic energy industries to grow and produce the energy that our economy needs to function and prosper. For new energy technologies to gain a foothold in the marketplace so that the U.S. can diversify its energy portfolio and reduce its vulnerability to fuel price shocks, some degree of initial support is needed. Given those facts, the key question is: are renewable energy incentives out of line with those that have previously supported other energy industries? One particularly informative study by DBL Investors says no: “Current renewable energy subsidies do not constitute an over-subsidized outlier when compared to the historical norm for emerging sources of energy. For example: … the federal commitment to [oil and gas] was five times greater than the federal commitment to renewables during the first 15 years of each [subsidy’s] life, and it was more than 10 times greater for nuclear.”

By comparing the wind Production Tax Credit (PTC) to a VHS production tax credit, Nick Loris belittles the role the PTC plays in providing thousands of American working families’ jobs and the means to make a living in a challenging economic time. Additionally, the PTC has leveraged up to $20 billion annually in new private investment in our struggling economy.

Related articles:

Fact check: 'Green Illusions' ill-informed about wind power, July 5, 2012
Fact check: Arkansas Project's Horton off base on wind's tax incentive, June 12, 2012
Fact check: Heritage's Kreutzer errs on cost of wind power, May 29, 2012
Fact check: WSJ stumbles with PTC-bashing editorial, May 15, 2012
Fact check: Heartland's Kaminsky misguided on wind incentives, April 19, 2012
Fact check: Missteps by Mauldin in PTC bashing, March 26, 2012
Fact check: Hayward discussion of subsidies falls short, March 20, 2012
Fact check: Washington Times bashes wind, ignores jobs at risk
Fact check: WSJ slips up on subsidies, March 14, 2012
Fact check: Heritage, AEI off base on wind incentives, growth, March 8, 2012
Fact check: Heritage off base with assault on PTC, February 28, 2012
Fact check: Heritage errs in supporting job-killing tax hike, December 19, 2011
Fact check: Globalwarming.org ignores energy incentive history, December 19, 2011
Fact check: Globalwarming.org: Heat, not light, on subsidies, December 14, 2011
Fact check: Loris stumbles on subsidies, December 13, 2011
Fact check: Chesser misinforms on wind incentives, October 19, 2011
Fact check: Bryce errs on incentives, wind's popularity, October 13, 2011

 

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David Ward is the primary point of contact for all press inquiries and manage AWEA’s day-to-day media relations. He also oversees media monitoring responsibilities and analyzes trends in the news about wind power. He owns a Master of Arts in Strategic Communications from Villanova University and earned a Commendation for Service from U.S. Senate Majority Leader Harry Reid due to work for the Democratic Policy and Communications Committee (DPCC).

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