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    Let’s Work Toward Energy Subsidy Independence

      Why are taxpayers propping up struggling energy firm SolarCity? The company’s dependence on subsidies is a great illustration of why policymakers should remove subsidies for all energy sources. Company executives outlined how dependent the company is on the taxpayer in the company’s IPO document: “Our business currently depends on … More

    Obama Administration Plans to Spend $150 Million for Green Energy Projects (Because It’s Worked So Well Before)

    Just what America needs: More taxpayer-funded green energy projects. The Department of Energy (DOE) and the U.S. Internal Revenue Service released plans to re-allocate more than $150 million in remaining manufacturing tax credits for “green” energy projects originally authorized by the 2009 American Recovery and Reinvestment Act (the stimulus bill), … More

    Corporate Welfare for Energy Companies Should Have Gone Off the Cliff

    The fiscal cliff deal is not only preventing certain politically motivated energy tax policies from falling off the cliff, but it’s also resurrecting ones that have been dead and buried for a year. Lumped into the 157-page fiscal cliff bill are extensions of energy handouts that were originally scheduled to … More

    Blowing More Taxpayer Money for Offshore Wind

    Much of the debate over wind subsidies this past year has been over the extension of the wind production tax credit. But even if the subsidy expires at the end of the year (as it is supposed to), that does not mean all wind subsidies are disappearing, even though they … More

    Two More Stimulus-Backed Solar Companies Announce Layoffs

    A pair of foreign-owned solar companies that benefited from a combined $84 million in Energy Department tax credits have announced they will lay off employees. One of the companies, German-owned SolarWorld, was integral in the fight for tariffs against the importation of Chinese photovoltaic solar panels. The other, Chinese company SunTech, blamed … More

    Green Graveyard: 19 Taxpayer-Funded Failures

    While there’s speculation over which federally supported green energy company may be the next to declare bankruptcy, plenty have already gone belly up. In one of the most extensive compilations to date, Heritage has identified 19 bankrupt green energy companies—unable to make it even with the $2.6 billion in financial … More

    GM Shuts Down Chevy Volt Production

    General Motors is halting production of the poorly selling Chevy Volt to accommodate a redesigned Chevy Impala. The impending four-week shutdown of the electric car represents yet another setback following news of disappointing sales for the second year in a row: General Motors Co. (GM), the largest U.S. automaker, is … More

    Pickens Admits: Subsidies Are Unnecessary

    It’s difficult to believe that less than a year ago, proponents of expanding the natural gas industry insisted that it needed federal subsidies. But at least one prominent advocate is now singing a different tune. Back in December, billionaire T. Boone Pickens wrote in Politico: The problem is that there … More

    Morning Bell: Wind Energy Subsidies Are As Useful As VHS Tape Subsidies

    The wind production tax credit is set to expire at the end of this year, which has the industry crying out for continued subsidies. Heritage’s Nicolas Loris has made the case that the wind energy tax credit makes as much sense as a VHS production tax credit. Can you imagine … More

    DOE Sent Millions to Solar Firm That Lacked 'Economically Viable' Product

    Amonix, the solar panel manufacturer whose Las Vegas plant ceased operations in May, managed to secure millions in federal grants and potential tax breaks even though its product had quality problems and was never really economically viable, according to sources. The politically connected company had the backing of Senate Majority … More