Comparison of US subsidies for coal and fossil fuels to US subsidies for renewables, annually

Wind and solar investment and production tax credits encourage more renewable energy on the grid, but they also cost billions of dollars per year. As you might imagine, each subsidy may have different goals, ranging from helping low-income households, to encouraging domestic production of oil and gas, to getting new technologies to scale. The costs and benefits of these goals are sometimes hard to quantify and the topic gets very political, very quickly.

The image above shows U.S. Energy Information Administration data on direct subsidies from the federal government, which includes tax benefits, grants, loans, or other financial assistance awards made directly to recipients, and also grants, loans, and other financial assistance for research and development.

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