NC’s “Solar Tax Credits” Are All About Corporate Cronyism, Not “Saving the Environment”

As if there needs to be any more evidence, the release of the largest beneficiaries of North Carolina’s $245 million worth of ‘renewable’ energy tax credits last year shows that such government schemes are about helping corporate cronies, not the environment.

“Blue Cross and Blue Shield, the state’s largest health insurer, claimed $37 million in 2016, the biggest renewable tax credit user for the year. Duke Energy Corp. claimed $23.9 million and Progress Energy (since renamed Duke Energy Progress) $7.5 million. Wells Fargo Bank claimed $13.2 million, the N.C. Farm Bureau Mutual Insurance Company $9.3 million and Bank of America $7.7 million.

The largest individual claim came from Strata Solar CEO Markus Wilhelm, who claimed $4.8 million.

Much further down the list was iPhone maker Apple, which operates data centers in the state, which claimed $1.7 million.

…”

READ FULL ARTICLE

(Source: https://www.nccivitas.org/civitas-review/solar-tax-credits-nc-corporate-cronyism-not-saving-environment/)

 

Join the conversation!

We have no tolerance for comments containing violence, racism, vulgarity, profanity, all caps, or discourteous behavior. Thank you for partnering with us to maintain a courteous and useful public environment where we can engage in reasonable discourse.

LEAVE A REPLY

Please enter your comment!
Please enter your name here