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In the Tar Heel State, government mandates require that 12.5 percent of electricity must come from wind, solar, and other forms of renewable energy by 2021.
Today, the Civitas Institute released a new study authored by energy expert Dr. Timothy Considine of the University of Wyoming, which finds that North Carolina's 12 percent renewable portfolio standard (RPS) will increase electricity prices by 42 percent by 2020 and destroy 50,000 jobs by 2020
The federal government issued tax credits in North Carolina approaching a half-billion dollars for renewable energy investment in the five most recent years for which records are available, and high-income earners have benefited the most from the tax favors
A new study authored by energy expert Dr. Timothy Considine of the University of Wyoming finds that North Carolina's 12 percent renewable portfolio standard (RPS) will increase electricity prices by 42 percent by 2020, and cost the Tar Heel State up to 50,000 jobs.
Destroying property and taking things from people doesn't grow the economy. Sounds rather obvious? That's why lobbyists come armed with "economic impact" studies.
Two leading legislative critics of tax incentives to the renewable energy industry have not taken issue with an unusual new program used by Duke Energy Progress allowing high-consumption electricity customers using traditional energy to claim their plants are powered by renewable sources
The final batch of solar and other renewable energy projects requested under the "safe harbor" law enacted in April by the General Assembly could cost North Carolina taxpayers as much as $937,804,785 in credits, according to aggregated figures released Wednesday by the North Carolina Department...
"Since 2012," the Apple web site boasts, "all our data centers have been powered by 100 percent renewable energy sources."
Solar energy is said to be renewable because it is "naturally replenished." One source defines solar power as renewable because "there is an endless supply." But the truth of the matter is that in any meaningful technological, economic, or practical sense solar is anything but renewable...
A novel justification for governments heavily subsidizing otherwise unsustainable, expensive, inefficient renewable energy is to argue that all energy sources get subsidies. The general assertion is true as far as that goes. Still, the argument is often used as a variant of...
The Tennessee Valley Authority produced a recent study that found the premium it pays to solar energy producers is about 67 percent higher than solar's actual value (about 12 cents per kilowatt versus 7.2 cents/kw). As reported in the Chattanooga Times Free Press...
For decades, energy costs have been manipulated by state government subsidies. Just like other subsidies, whether for the film industry, automobile manufacturers, or even specific companies, special treatments transfer the tax burden from the recipients of the subsidies to others, creating unfair...
This week's newsletter takes a look at renewable energy facilities in the news. For example, a new study from the Carnegie Institution for Science and Stanford University found a surprising (to researchers) ecological cost of solar installations in California, which has a much more aggressive...
This year's legislative session turned out to be an ideological struggle, not between Republicans and Democrats, but between two factions within the Republican Party. (The factions exist outside the GOP as well, but Republicans control the governor's office and hold supermajorities to make...
Despite earlier claims by Iberdrola Renewables officials that the $400 million, 300-megawatt Amazon Wind Farm that will cover 22 acres near Elizabeth City would be built totally from company funds, another Iberdrola official says the project requires some tax incentives to be viable economically.
This year's legislative session turned out to be an ideological struggle, not between Republicans and Democrats but between two factions within the Republican Party. This tension goes to the heart of one's belief in free markets as the most moral and efficient way to organize economic activity...
An interesting item suddenly appeared this week in the N.C. Senate farm bill. This item made its appearance a few short days after the new state budget was finally approved. Among other things, the new budget ended North Carolina's longtime, exceedingly generous 35 percent investment tax credit...
The term "stakeholders" is used in policy debates frequently. It sounds good and steeped in important involvement. It seems less detached and predatory than "interested parties." It's an accepted convention of speech.
The FY 2015-16 North Carolina state budget has finally been finalized. Was it worth the wait? Rather than wading through 400 pages of text, you can read here about the ten most interesting and important aspects of the budget in this article.
On net, this year's final budget deal can be viewed positively by conservatives. Tipping the scales in favor of the spending plan include: a net tax cut of nearly $400 million over two years, allowing the renewable energy tax credit to expire, elimination of taxpayer support for the highly...
This series, entitled "Cut This, Go Home," includes several budget items that should no longer receive taxpayer funding because they fall well outside the legitimate, core functions of government.
WRAL's Laura Leslie wrote about an Energy Forum held at the Legislature yesterday organized by opponents of renewable energy programs. (Translation from WRAL speak: opponents to taxpayer-funded renewable energy programs.) The central theme of Leslie's article seems to be the famous "Koch Brothers."
North Carolina taxpayers are about to get stuck with a big bill - if the General Assembly continues the state's "Renewable Energy Portfolio Standard" (REPS) and renewable energy tax credit policies.
An environmental group lauding North Carolina for ranking No. 4 nationally in solar energy capacity agrees with foes of renewable energy mandates -- the state's purported boom in clean energy mostly results from the government forcing utilities to purchase the higher-cost energy, along with...
For those of us who have been fighting to eliminate solar and other renewable energy subsidies from the burden being born by North Carolina's taxpayers, the new state budget is very welcome. As of January 1, the 35 percent tax credit for renewables in general and solar in particular, by far the...
It is now being acknowledged by even its staunchest supporters that the solar industry in North Carolina is completely a creature of government mandates and subsidies and could never stand on its own without wealth transfers from taxpayers and rate payers. In other words, it is completely welfare...
The previous newsletter discussed in brief how the renewable energy lobby has, over decades, been promising politicians and voters some things they have yet to achieve. Those promises are that...
In 2005, the North Carolina General Assembly established a 35 percent credit for investing in renewable energy. This credit was slated to sunset at the end of 2010. By 2010-11, the Tax Research Division of the Department of Revenue estimated, the credits taken would cost the state $5.65 million...
The rhetorical case for renewable energy seems, at its core, to be this: Why rely on traditional sources that burn expensive energy and emit carbon dioxide when you can replace them with energy freely provided by nature that emits nothing?
A lengthy article in Forbes details why the U.S. Environmental Protection Agency's unprecedented "Clean Power Plan" (CPP) is not just a destructive and likely illegal regulatory overreach, but also impossible given what the author calls the "weird" physics of electricity.
The rhetorical case for renewable energy seems, at its core, to be this: Why rely on traditional sources that burn expensive energy and emit carbon dioxide when you can replace them with energy freely provided by nature that emits nothing?
North Carolinians are forced to pay twice to prop up the state's renewable energy lobby: once in the form of higher taxes and again for higher electric bills to support a Renewable Energy Portfolio Standard (REPS).
Raleigh, N.C. - Governor Pat McCrory took action on Senate Bill 372 today, which extends the tax credit for renewable energy projects in the state.
Two of three drivers of higher electricity costs in North Carolina are renewable energy investments by utilities and the Renewable Energy and Energy Efficiency Portfolio Standards (REPS) mandate, according to a new report released by the North Carolina Sustainable Energy Association (NCSEA).
In March 2015, the North Carolina Department of Environment and Natural Resources published "The Energy Report: A Snapshot of North Carolina's Energy Portfolio Seven Years After Session Law 2007-397."
An amended version of the regulatory reform bill (HB 760), sponsored by Reps. Chris Millis (R-Pender), John R. Bell IV (R-Wayne), and Dennis Riddell (R-Alamance), would make several changes that would protect electricity consumers in North Carolina from unnecessary price increases.
As I write this, what is turning out to possibly be the most powerful crony special interest in North Carolina is fighting to keep part of its welfare money flowing. A regulatory reform bill that reduces the amount of super expensive solar energy that North Carolina electricity users are...
Renewable energy lobbyists wailed that the mere appearance of a bill to repeal North Carolina's renewable energy portfolio standards mandate "dramatically disrupts" investment and jobs in renewable energy and "sends shock waves" through the industry.
A mandate that 12.5 percent of North Carolina's energy eventually would come from renewable sources or energy efficiency was a bad idea back in 2007, when the idea was included in Senate Bill 3
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