FACT: Wind incentives are far smaller than oil and gas incentives have historically been

A recent letter in the Piedmont Surrey-Gazette states that “… all of these wind turbine outfits are currently being subsidized by the federal government, and some are receiving multiple tax credits and subsidies.” In fact, since 1950, 70% of all energy subsidies have gone to fossil fuels. As recently as 2002-2007, they received nearly five times as much in tax incentives as renewables.

As described in a 2011 report by DBL Investors, all domestic energy sources have historically been subsidized, in large part to help encourage the production of domestic energy within the U.S. “…The federal commitment to O&G [oil and gas] was five times greater than the federal commitment to renewables during the first 15 years of each subsidies’ life, and it was more than 10 times greater for nuclear.” To be specific, in inflation-adjusted dollars, oil and gas subsidies averaged $1.8 billion over the first 15 years of subsidy life, while renewables averaged less than $0.4 billion. Wind is exciting because as a clean domestic energy source, it boosts our national energy security and creates new jobs while keeping our air and water clean.
Energy Subsidy Trends
Comparable Energy Subsidy Trends