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Budget Agreement Sunsets Energy Tax Credits; More Work to be Done on REPS WASHINGTON — The North Carolina legislature recently reached an agreement on a budget that phases out tax credits for industrial solar and other forms of more expensive, less reliable energy production. Known as the Renewable Energy Tax Credit, this subsidy harms North Carolina jobs […]
On top of federal support for renewable energy, a number of states have implemented Renewable Portfolio Standards (RPS), which require utilities to purchase a certain portion of their electricity from renewable sources. In North Carolina, a push to freeze the state’s Renewable Energy and Energy Efficiency Portfolio Standard (REPS) at 6 percent of retail sales […]
WASHINGTON – Today, the American Energy Alliance announced a new paid media and grassroots initiative in North Carolina as the state legislature considers whether to move on pending legislation that would freeze the state’s Renewable Energy Portfolio Standard (REPS) at 6 percent. The sustained effort will begin with the launch of 60 second radio ads urging […]
Last week, AEA Economist Travis Fisher wrote a Letter to the Editor in The Charlotte Observer regarding North Carolina’s renewable energy mandate. Fisher’s letter outlines the importance of freezing an energy mandate that has proven to be costly for North Carolinians. Below is an excerpt from the piece: Renewable energy advocates claim a bill to freeze North […]
Last month, four members of the North Carolina House of Representatives (Millis, Hager, Collins, and Warren) introduced legislation to curb the state’s renewable energy mandate. Their bill, H 681 (NC Energy Ratepayers Protection Act), freezes the state’s “renewable energy and energy efficiency portfolio standard,” which mandates a minimum contribution from renewable energy sources like wind […]
Actions speak louder than words. The Washington Times (8/4/13) reports: “If the Obama administration is indeed waging a “war on coal,” as its critics contend, then newly minted Energy Secretary Ernest Moniz aims to build a bridge between the opposing camps. Since joining the administration about 10 weeks ago, Mr. Moniz — a Massachusetts Institute of […]