Texas has been called the Saudi Arabia of wind energy. The state leads the world in wind energy production. That boom is due in part to tax breaks that wind companies receive for the installation of the giant turbines that can be seen in the panhandle, west Texas and on the coast.
“It’s time for wind to stand on its own two feet. Billions of dollars of tax credits and property tax limitations on new generation helped grow the industry, but today they give it an unfair market advantage over other power sources,” Texas Comptroller Susan Combs.
But this week Texas comptroller Susan Combs released the report “Texas Power Challenge: Getting the Most From Your Energy Dollars.” In it she urged policymakers and elected officials to discontinue subsidies and tax breaks for wind energy.
Read the report here:
http://www.window.state.tx.us/specialrpt/electricity/96-1767.pdf
