It must be bad when even people from the NYT can’t stand it.
Another provision gives wind-energy producers a tax credit for the electricity they generate during a facility’s first 10 years of operation. This is one of the largest provisions, expected to cost nearly $10.5 billion over the next decade. The supporters of this 23-year-old credit initially argued that it was necessary to kick-start a nascent industry. Yet Energy Secretary Ernest Moniz and others say wind power is cost-competitive with other energy sources. So why are taxpayers still forced to subsidize it?