Rights© 2016 Wiley. This is the peer reviewed version of the following article: Adkins R and Paxson D (2016) Subsidies for Renewable Energy Facilities under Uncertainty. The Manchester School. 84(2): 222-250, which has been published in final form at http://dx.doi.org/10.1111/manc.12093. This article may be used for non-commercial purposes in accordance with Wiley Terms and Conditions for Self-Archiving.