GE - Wind Energy Is Still Beating Solar Energy in Washington DC
Wind power and solar energy are often discussed as a set in the conversation about renewable energy sources, but they are very different industries. The way they fit into the electrical grid is different, their efficiency is different, and they clearly receive different treatment politically.
That was evident late in 2019 when Congress struck a deal to extend the wind production tax credit (PTC) for one more year, but allowed the solar investment tax credit (ITC) to lapse. Ironically, the solar industry fought harder for a subsidy extension, but its appeals fell on deaf ears.
Image source: Getty Images.