Oklahoma is ending its wind energy tax credit

Wind Energy - Tax Credit Ending

State moves to put an end to tax credit that has supported wind energy for a decade Oklahoma will be putting an end to a tax credit that has helped support the growth of wind energy in the state. Currently, Oklahoma ranks third in the United States in terms of wind capacity and generation, largely due to the tax credit that has supported the sector for a decade. Governor Mary Fallin signed legislation this week that will roll back the tax credit gradually through 2027. The short-term impact of this…

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Texas wind energy breaks state records

Wind Energy Subsidies May Negatively Impact Wind Farm in Scotland

Wind energy in Texas reaches new highs for November Texas, a state well known for its oil production, has become a beacon for wind energy. The state is home to several wind farm, each of which produce a significant amount of electricity for Texas’ largest energy grid. Indeed, wind energy has been seeing success recently. The Electric Reliability Council of Texas, which serves most of the state with electrical power, has announced that the electricity it is provided through wind farms has set a new record. More than 8,000 megawatts…

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U.S. Treasury Department proposes refundable tax credit for wind energy

Wind Energy Tax Credit

This past week, the U.S. Treasury Department released a proposal for reforms of a number of business taxes. This proposal would bring changes to the federal Production Tax Credit for wind energy projects. Wind energy in the U.S. depends heavily on tax incentives provided to companies by the federal government. Without these incentives, many companies would likely show modest interest in alternative energy as a whole. Over the past two years, the federal government has had a somewhat volatile relationship with alternative energy, a fact that the Treasury Department is…

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