Just over 6,600 megawatts of installed wind power capacity exists in the Sooner State – enough to meet about 25% of the state’s annual electricity needs – more than what coal provides. Oklahoma installed nearly 2,000 megawatts in 2016 alone. By the end of the year, Oklahoma became third in the nation for the most wind power installed.
Want to know the best-kept secret in Florida about one of the biggest barriers holding back meaningful solar development? It’s not the lack of sunshine – Florida has best solar resource east of the Mississippi. So, what is it you ask? Taxes – really burdensome taxes whose impact drives up the cost of solar power. [...]
It’s April 15–tax day (at least on most years). Some of us get returns, some of us get surprised with extra taxes that are due, but no matter if you owe the IRS money or are owed money by the IRS, we are all getting fleeced to subsidize BP’s criminal behavior through our taxes. This is the largest environmental settlement ever reached in United States history. Yet it turns out that American taxpayers will be footing a large part of the bill, as $15.3 billion will be tax-deductible as “business expenses.” With BP’s tax rate, this leaves taxpayers on the hook for paying for more than $5 billion of BP’s criminal activity.
NREL developed the JEDI model to enable stakeholders and decision makers an easy way to ground-truth jobs and economic development potential associated with many sources of new generation construction and operation. The JEDI model is available for for wind energy, biofuels, solar energy, natural gas power plants, coal-fired power plants, hydroelectric dams, geothermal, petroleum power plants and transmission line construction. Construction impacts, cost estimates and potential tax revenue are all calculated based off of recent real-world examples. Users can tailor inputs of a proposed project by changing the project megawatt size, location and by other variables.
Florida State Senator Jeff Brandes just took a big step toward removing a major roadblock to more solar development in the Sunshine State. He filed a measure that would end burdensome taxes on solar power. The resolution to amend the state constitution would exempt renewable energy devices from the state’s tangible personal property tax. The [...]