Truth to Power - Episode 7

On this week’s episode of #TruthtoPower, our Founder & CEO, Philip Totaro dives into the changes to the production tax credits and manufacturing tax credits in the proposed tax and budget bill in the USA. Since the inception of the renewable energy production tax credit back in the 1990’s the US government has provided more than $150 billion to energy producers in the form of a subsidy that adds on… well, these days it’s $31 / MWhr on top of the PPA for the first 10 years of the operation of the power generation. The existence of the production tax credits have sparked more than $500 billion in investment in the United States. IntelStor data on the production tax credits for wind energy show that more than $66.3 billion has supported the wind energy sector alone over more than 3 decades. Have a listen today, and get in touch with your best questions about the USA or any other country around the world.