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

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What others are saying

“As the 19th district representative of the House of Delegates, I'm excited to see Virginia's first wind energy project enter its final phase of compliance. The community is excited to see the alternative form of energy come to completion. We look forward to the construction beginning and the successful completion of Virginia's first wind farm.”- Delegate Terry Austin, Virginia House of Delegates, 19th District

"Rocky Forge will be a large contributor to Botetourt County’s tax base, while having a minimal effect on existing land use of the thousands of acres of rural land in the project area. This seems like a win-win to me.”-Jack Leffel, Chairman, Botetourt County Board of Supervisors

“Botetourt County studied and reviewed Rocky Forge Wind for over a year. It was ultimately approved unanimously by our Board of Supervisors both because it met our county’s wind energy guidelines and because it aligns with Botetourt County’s mission of embracing responsible growth and innovation.”- Gary Larrowe, County Administrator, Botetourt County

“The Chamber of Commerce is delighted at the prospect of having Apex join the Botetourt family of businesses. A new renewable energy business in Botetourt will be good for the local economy and the environment and the Chamber is looking forward to working with Apex in the future.”-Pete Pearl, President, Botetourt County Chamber of Commerce

“Virginians overwhelmingly want more renewable energy, and wind power offers one of the cleanest, safest forms of electricity generation. Rocky Forge Wind is a great step toward growing the Commonwealth’s clean energy."-Dan Crawford, Group Chair, Roanoke Group of the Virginia Chapter of the Sierra Club

“As a resident of Botetourt County for more than 25 years and supporter of our area’s sporting traditions, I believe wind energy is a great way to produce power while protecting traditional land uses like hunting and fishing.”-Sherry Crumley, Board Member, National Wildlife Turkey Federation

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