New Report: Renewable Energy and Battery Storage are Boon to Texas Economy
Over their lifetime, the current fleet of utility-scale wind, solar, and energy storage projects in Texas are estimated to generate $7.2–$8.8 billion in new tax revenue to local communities.
Existing and planned utility-scale wind, solar, and energy storage projects will pay between $12.5 billion and $15.9 billion in total tax revenue over their lifetimes
Existing utility-scale wind, solar, and energy storage projects in Texas are estimated to pay Texas landowners $7.1–$11.3 billion over the lifetime of the projects.
Texas landowners will directly receive $11.8–$21.7 billion over the existing and planned project lifetimes.
Over 60% of the taxes and landowner payments are paid in rural counties.
A county in Texas could expect to receive $9.4–$13.1 million in lifetime taxes (including school taxes) for a 100 MW solar project located in its boundaries, $16.8–$20.3 million for a 100 MW wind project, and $3.8–$4.7 million for a 100 MW energy storage project.