Article

2009-05-29 Economy

Wind farm firm to add 100 jobs with $400,000 tax credit

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Posted by Seafarious 2009-05-29 12:06|| || Front Page|| [1 views ] Top

#1 Sounds good all around.

Posted by Redneck Jim 2009-05-29 13:14|| 2009-05-29 13:14|| Front Page Top

#2 $400,000 credit doesn't generate 100 jobs.

Posted by DoDo 2009-05-29 13:52|| 2009-05-29 13:52|| Front Page Top

#3 maybe there's a capitalist involved too...

Posted by Art ofWar 2009-05-29 15:08|| 2009-05-29 15:08|| Front Page Top

#4 The "Capitalist" is the taxpayer w/ a $.03/kWh subsidy. A 2MW turbine operating at 30% efficiency generates 5.3 MWh of electricity. That generates a subsidy $160K/year for the first 5 years (accelerated 5 year depreciation) and $107-133K/year thereafter for every 2MW wind turbine. Take a wind farm w/ 1000 turbines and that's a large chunk of government cheese, even in Obamaland. Plus hidden subsidies because wind must be fully backed up by standby power plants and power transmission cables must be heavier and longer than more predictable thermal power plants.

Posted by ed 2009-05-29 15:25|| 2009-05-29 15:25|| Front Page Top

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