“Throughout FY 2016–22, most federal subsidies had been for renewable vitality producers (primarily biofuels, wind, and photo voltaic), low-income households, and energy-efficiency enhancements. Throughout FY 2016–22, almost half (46%) of federal vitality subsidies had been related to renewable vitality, and 35% had been related to vitality finish makes use of. Federal help for renewable vitality of all sorts greater than doubled, from $7.4 billion in FY 2016 to $15.6 billion in FY 2022 (Desk A4). …
“Throughout FY 2016–22, provisions within the tax code had been the biggest supply of federal monetary help. In FY 2016, the Inside Income Code (IRC)—with its 31 wide-ranging, energy-specific tax provisions—supplied higher monetary help to vitality than direct expenditures, together with R&D expenditures (Desk A2 and Desk A3). Complete tax expenditures had been 70% of the entire federal monetary help (Desk 1). Since FY 2016, tax expenditures have continued to develop, rising to over 75% of whole federal help lately. In FY 2021, this help dipped barely to 65%.”
In FY 2022, wind obtained $3,592 million, or 95¢ per million btu ($3.24/MWh) that it generated. Coal obtained $873 million, 7¢ per million btu (24¢/MWh), and pure gasoline obtained $2,304 million, 19¢ per million btu (65¢/MWh). Nuclear obtained $390 million (5¢/million btu, 17¢/MWh), hydro $41 million (2¢/million btu, 7¢/MWh), and photo voltaic $7,522 million ($4.15/million btu, $14.16/MWh).
Additionally see: 2007, 2010, 2013, 2016
Obtain unique doc: “Federal Monetary Interventions and Subsidies in Power in Fiscal Years 2016–2022”
