Renewable energy subsidies have declined as tax credits, other policies diminish

U.S. Energy Information Administration -------- Federal subsidies for renewable energy—including biofuels for transportation use and renewable generation of electricity—dropped to $6.7 billion in fiscal year (FY) 2016, a 56% decline from FY 2013. Renewable subsidies in FY 2010 and FY 2013 were approximately $15 billion, more than double FY 2016 levels, as support from the American Recovery and Reinvestment Act of 2009 (ARRA) lessened. Despite the decline, renewable energy continued to receive a large share of total federal energy subsidies, accounting for 46% of the FY 2016 total.EIA's updated report continues a data series that began at the request of Congress in the early 1990s. Most recently, the Secretary of Energy requested updated energy subsidy information as part of the U.S. Department of Energy’s study on grid resiliency. To learn more click on the picture below to read the article.