Wherever you go in rural Texas today, you are likely to run across a new wind farm or solar farm being constructed. And why wouldn’t they be? Taxpayers and consumers are currently paying more than $2 billion annually to renewable energy companies operating in Texas. And with the threat that eligibility for the biggest renewable...
Many cities have jumped on the bandwagon of renewable energy initiatives in recent years. In Central Texas alone, Austin, Georgetown, and now San Antonio – who all maintain a municipally-owned electricity provider from which their residents are forced to purchase electricity– have pursued “green” initiatives in a highly touted trend toward the increased use of...
New wind and solar farms are continuing to be constructed all over Texas. Longroad Energy, a company headquartered in Massachusetts, has recently announced plans to build two new renewable energy plants in Texas, which are both set to be completed in the year 2020. Earlier this month, Longroad Energy signed a 15-year Virtual Power Purchase...
Proponents argue that economic development incentives – such as tax credits – provide a multitude of benefits to taxpayers and society at large. This apparent popularity could be due to the perception that government subsidies effectively “have no downside and cost taxpayers nothing.” However, this is simply not the case. Tax breaks do in fact have...