Aaron Nichols on LinkedIn provided a history of federal solar tax subsidies, beginning with Jimmy Carter. His point was to show that the numerous extensions (15 by my count) were bipartisan. My point, instead, is that on-grid solar is inherently noncompetitive against free market energies. [Note: AN blocked me]
Solar tax credits were not “created by the Inflation Reduction Act” or “invented by the Biden Administration,” Nichols begins. He continues:
The first solar energy incentives were created in 1978 by Jimmy Carter’s Administration. They’ve even enjoyed bipartisan support and been renewed by Republican administrations! Here’s a high-level history of solar tax credits:
1978: The Energy Tax Act of 1978 set the first federal solar ITC at 10% of project costs. Congress extended and modified this credit through the early 1980s, eventually making a 10% solar ITC permanent in 1992.…
Diana Urge-Vorsatz , Vice Chair of the IPCC, Professor at Department of Environmental Sciences and Policy, Central European University, posted:
JUST HOURS AGO, the UN’s International Maritime Organization (IMO) adopted a landmark carbon pricing measure for international shipping. Starting in 2028, ships will be financially accountable for missing decarbonisation targets – a crucial development for a sector that was not included in the Paris Agreement, which focused solely on domestic emissions.
She justified the action:
…Shipping is responsible for nearly 3% of global CO₂ emissions (which is about as much as Russia)… Without stronger action, shipping emissions are projected to double by 2100. Moreover, with over 40% of maritime freight used for carrying fossil fuels (AR6 WGIII Ch 10.6), decarbonising energy systems could also lead to a reduction in shipping volumes.
“It is ironic that Jason Grumet of the American Clean Power Association argues for continued taxpayer subsidies for wind power…. In 1986, a predecessor organization to ACPA, the American Wind Energy Association, testified, ‘The U.S. wind industry has … demonstrated reliability and performance levels that make them very competitive.’ False.” – Tom Pyle, IER (below)
Here they are–the crony capitalists who seek wealth from the political means (special government favor) rather than consumer demand in the market with taxpayers neutral.
The list comes from a recent letter from “clean” energy trade groups, led by Jason Grumet of the American Clean Power Association, to Senator John Thune and Representative Mike Crapo, urging them “to be thoughtful when phasing out clean energy tax credits.”
Advanced Energy United (AEU)
American Clean Power Association (ACP)
American Council on Renewable Energy (ACORE)
American Public Power Association (APPA)
Clean Energy Buyers Association (CEBA)
Coalition for Community Solar Access (CCSA)
Edison Electric Institute (EEI)
Electric Power Supply Association (EPSA)
Fusion Industry Association (FIA)
Large Public Power Council (LPPC)
National Association of Electrical Distributors (NAED)
National Association of Manufacturers (NAM)
National Electrical Contractors Association (NECA)
National Electrical Manufacturers Association (NEMA)
National Hydropower Association (NHA)
National Rural Electric Cooperative Association (NRECA)
Nuclear Energy Institute (NEI)
Solar Energy Industries Association (SEIA)
Of the above “dirty 18,” perhaps the worst is the Edison Electric Institute (EEI).…