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

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. More »