Renewable energy powering rural Texas economies

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ODESSA, Texas (Big 2/Fox 24) – Renewable energy is powering rural Texas and their economies, according to a study by Ideasmiths.

The study concluded:

• Over their lifetime, the current fleet of utility-scale wind and solar projects
in Texas will generate between $4.7 billion and $5.7 billion in new tax
revenue to local communities.
• If all projects with interconnection agreements are built, existing and
planned utility-scale wind and solar projects will pay between $8.1 billion
and $10 billion in total tax revenue over their lifetimes.
• Existing utility-scale solar and wind projects in Texas will pay Texas
landowners between $4.8 billion and $7.3 billion over the lifetime of the
projects.
• If all of the projects with signed interconnection queues are built, Texas
landowners will directly receive between $8 billion and $13.1 billion over
the existing and planned project lifetimes.
• Of these taxes and landowner payments, over 70% are paid to rural
counties.
• A county in Texas could expect to receive between $9.4 million and $13.1
million in lifetime taxes (including school taxes) for a 100 MW solar project
located in its boundaries and between $16.8 million and $20.3 million for a
100 MW wind project.
• We estimate that a Texas landowner could expect to collect between
$16.2 and $33 million in payments over the lifetime of a 100 MW wind
farm, depending on length of contract and location in the statea.
• We estimate that a Texas landowner could expect to collect between $5.2
and $27.7 million in payments over the lifetime of a 100 MW solar farm,
depending on length of contract and location in the state.
• Residents and community leaders in rural areas indicated that counties
with renewable energy projects tend to see them as good neighbors.
• Elected county leaders look favorably on renewable energy projects for
the planning stability that comes with having confidence in consistent longterm revenue streams.
• Even residents that do not have wind turbines or solar panels benefit from
their contribution to the local economy.

“This is a stable industry going forward. Particularly with wind and solar, we know exactly what the cost is going to be for the next 30 years, so that locks in the contracts for that long, and good luck getting a natural gas contract for more than a couple years.”

Joshua Rhodes, Founding partner with Ideasmiths

“Having these capital investments come to the backyard for places like Midland, the pan handle and especially south Texas, those are important revenue generators for those communities.”

Scott Dunaway,, Spokesperson for PoweringTexas

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