the Wind Production Tax Credit (PTC) will expire on Jan. 1, 2014, but it will keep going for the first ten years of operation after the wind power was constructed. So the recently constructed wind power will keep getting subsidized
The PTC is a $0.022 per kilowatt-hour tax credit on the power that new wind farms in the United States generate for the first 10 years of their operation. These farms have to be “under construction” in 2013 to receive the credit, which is different than how it worked over the law’s prior 20-year history.
The average cost for US wind power producers is
8.6 cents per kilowatt hour
For new US nuclear power (about 4 new nuclear plants are being built)
it is 10.8 cents per kilowatt hour (the older nuclear is a lot cheaper since most of the cost for nuclear is the cost of making and financing the plant)
For new coal plants it is
10.0 cents per kilowatt hour (older coal and natural gas are a little bit cheaper but most of their cost is the current price of the coal or natural gas)
For new natural gas plants is is
6.7 cents per kilowatt hour
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Brian Wang is a Futurist Thought Leader and a popular Science blogger with 1 million readers per month. His blog Nextbigfuture.com is ranked #1 Science News Blog. It covers many disruptive technology and trends including Space, Robotics, Artificial Intelligence, Medicine, Anti-aging Biotechnology, and Nanotechnology.
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