RENEWABLE ENERGY TAX INCENTIVES: SELECTED ISSUES AND ANALYSES

RENEWABLE ENERGY TAX INCENTIVES: SELECTED ISSUES AND ANALYSES

Library of Congress Cataloging-in-Publication Data

CONTENTS

PREFACE

Chapter 1: AN ANALYSIS OF THE COSTS, BENEFITS, AND IMPLICATIONS OF DIFFERENT APPROACHES TO CAPTURING THE VALUE OF RENEWABLE ENERGY TAX INCENTIVES

EXECUTIVE SUMMARY

1. INTRODUCTION

2. FEDERAL TAX INCENTIVES AND HOW TO CAPTURE THEM

3. MODEL DESCRIPTIONS AND ASSUMPTIONS

4. WIND SCENARIOS

5. SOLAR SCENARIOS

CONCLUSION

REFERENCES

APPENDIX: ADDITIONAL MODELING RESULTS

Chapter 2: THE RENEWABLE ELECTRICITY PRODUCTION TAX CREDIT: IN BRIEF

SUMMARY

DESCRIPTION

LEGISLATIVE HISTORY

PTC CLAIMS AND REVENUE COST ESTIMATES

COST OF EXTENDING THE PTC

ECONOMIC AND POLICY CONSIDERATIONS

POLICY OPTIONS AND PROPOSALS

Chapter 3: PRODUCTION TAX CREDIT INCENTIVES FOR RENEWABLE ELECTRICITY: FINANCIAL COMPARISON OF SELECTED POLICY OPTIONS

SUMMARY

INTRODUCTION

BACKGROUND

OVERVIEW OF PTC POLICY APPROACHES

APPENDIX. MARKET-LINKED PHASE-OUT ALTERNATIVE: A HYPOTHETICAL ILLUSTRATION

Chapter 4: U.S. RENEWABLE ELECTRICITY: HOW DOES THE PRODUCTION TAX CREDIT (PTC) IMPACT WIND MARKETS?

SUMMARY

BACKGROUND

IMPACT OF CURRENT PTC EXPIRATION

POTENTIAL IMPACT OF EXTENDING THE PTC

OTHER FACTORS THAT AFFECT U.S. WIND DEVELOPMENT

POLICY DISCUSSION

INDEX