The new subsidies ended on July 4th under the Working Families Tax Cut.
Energy Secretary Chris Wright highlighted the end of new federal subsidies for new wind and solar projects that have not begun construction. Under the Working Families Tax Cut, passed by Congress last year and signed by President Trump, the subsidies ended this month on Independence Day.
“Wind and solar take a lot of land, 100 times more land for a similar amount of energy. They take an enormous amount of materials, energy intensive materials like steel and cement and polysilicon,“ Secretary Wright stated. “They take an enormous amount of additional transmission lines to connect their large land, far flung production back to where there’s demand centers.“
The energy secretary continued, “What do we get for all that is a relatively small amount of low value energy. It’s low value because the wind doesn’t always blow and the sun doesn’t always shine. So they drive up the system costs and increase Americans’ electricity prices. Enough of raising electricity prices. We’re going to drive them down.“
As the Lord Leads, Pray with Us…
- For Secretary Wright to seek God’s direction as he heads the Department of Energy.
- For U.S. energy officials as they seek to strengthen the nation’s energy power grid.
- For President Trump and his energy advisors as they pursue continued energy independence.
Sources: Department of Energy
