Tag:renewable energy tax credits

  • N.C. has issued more than $1 billion in renewable energy tax credits

    Benefit or boondoggle? That’s the billion-dollar question. North Carolina surpassed the $1 billion mark in renewable energy investment tax credits issued in 2018 — three years after the lucrative subsidy program to stimulate solar development expired. Taxpayers have picked up the bill, and could be on…

  • JLF: Special interest effect drives up cost of government

    Government is bigger and more expensive than it needs to be, thanks to an economic concept called the “special interest effect.” A recent John Locke Foundation Spotlight report explains how the concept drives energy policy, health insurance mandates, and sugar subsidies. The report also suggests ways to fight negative consequences tied to…

  • Feds keep recipients of tax credit confidential

      The federal government issued tax credits in North Carolina approaching a half-billion dollars for renewable energy investment in the five most recent years for which records are available, and high-income earners have benefited the most from the tax favors. But the names of beneficiaries of that $466,928,000 in carve-outs…