Fact check: Arkansas Project’s Horton off base on wind’s tax incentive
The Arkansas Project’s Nic Horton has an opinion column at Watchdog.org, attacking Arkansas Gov. Mike Beebe (D) and his support for the federal wind energy Production Tax Credit (PTC). Here are some facts Mr. Horton neglected to mention:
The PTC is an effective tool to allow developers to raise private capital in the marketplace and bring renewable energy projects to completion. Furthermore, the PTC applies only to actual electricity produced from utility-scale wind turbines. A wind project developer does not receive the credit until the wind turbine actually generates power. Because the PTC is a business tax credit, funding is based solely on project performance, not evaluation by government officials.
A recent Congressional Budget Office (CBO) report points ...