Economic Impact of Renewable Energy in Texas 2023
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About this
Study
Renewables are a large, and growing, source of tax payments and revenue for landowners across Texas, particularly in rural Texas. 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. If all projects with interconnection agreements are built, 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. Residents and community leaders indicated that counties with renewable energy and storage projects tend to see them as good neighbors.