*Please Note – Bob Lane will be out of the office until August 8, 2023. Please contact Amanda Luhavalja at [email protected] in his absence.*

Between 2016 and 2022, nearly half of federal subsidies were for renewable energy producers (mostly biofuels, wind and solar), according to a recently released U.S. EIA report. Renewable subsidies rose from $7.4 billion in fiscal year 2016, to $15.6 billion in 2022, the EIA’s Federal Financial Interventions and Subsidies in Energy report showed. 

Tax and direct expenditures, combined, accounted for about 97 percent of total renewable subsidies over that period. Due to decreasing direct expenditures and growing tax expenditures, tax expenditures made up nearly all of the renewable subsidies in recent years.

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