Congresswoman Julie Fedorchak (R-ND) has introduced the Ending Intermittent Energy Subsidies Act, legislation to responsibly phase out production and investment tax credits for wind and solar energy over the next five years. The legislation is cosponsored by Energy and Commerce Republicans Gary Palmer (R-AL), Randy Weber (R-TX) and Craig Goldman (R-TX).
“Wind and solar are no longer emerging technologies — they’re mature, market-proven, and widely deployed,” Fedorchak said. “By continuing to incentivize these intermittent energy sources through generous tax credits, we’re distorting energy markets and sending the absolute wrong signal to investors. As all the grid operators are saying, we need more dispatchable resources. We must stop providing generous incentives that run contrary to that.”
The Ending Intermittent Energy Subsidies Act would:
- Phase out the Production Tax Credit (PTC) and Investment Tax Credit (ITC) for wind and solar over a five-year period, 20% each year
- Maintain incentives for other dispatchable technologies like nuclear, hydropower and geothermal
- Eliminate transferability of these wind and solar tax credits
News item from the Office of Rep. Julie Fedorchak
