The Institute for Energy Research has released an updated analysis of “the distributional impacts of federal subsidies for wind energy across all U.S. states.” It found that taxpayers from the Northeast, Southeast, and California are getting socked to support wind turbines in the rest of the country.
Not surprisingly, New Mexico is net recipient of wind welfare. The federal “wind tax burden” in the Land of Enchantment over the past decade was $59 million, while producers here got an estimated $352 million in subsidies. That’s a staggering “gain” of $293 million.
Read the full study here. It offers more documentation of the unfairness — and ineffectiveness — of “green” corporate welfare.