Investing in Texas’ greatest resource: Our students. Our future.
According to “The Economic Value of Renewable Energy to Texas” Report (Fall 2018), $59.7 million in taxes were paid to Texas school districts between 2013-2018. And in 2017, renewables paid $103.4 million to schools in payments in lieu of taxes (PILOT), under special agreements with the Texas school districts.
Texas has more wind farms than any other state in the country and over 100 Texas school districts benefit. To promote new wind development, Texas allows school districts to offer property tax incentives to encourage large-scale capital investments.
For example, Webb Consolidated Independent School District used Chapter 313 agreements to attract four sizable wind farms with a combined market value of $596 million.