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Solar companies flock to a Texas tax break with questionable payback

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thackney:
Solar companies flock to a Texas tax break with questionable payback
https://www.houstonchronicle.com/news/politics/texas/article/Solar-companies-flock-to-a-Texas-tax-break-with-13706487.php
March 21, 2019

Although barely 25 miles from one of the country’s fastest growing cities, much of the land hugging this Austin bedroom community remains empty blackland prairie. Small farmhouses dot the dark soil fields that unroll into the horizon. Soon, though, if all goes according to plan, a Canadian company will begin installing a vast array of solar panels across 1,000 acres just a few miles outside of town.

But only under one condition: that it receives a multi-million-dollar tax break from the local school district.

Property taxes represent the biggest operating expense for solar projects. So without the giant reduction of its tax bill, Recurrent Energy warned, its executives would be forced “to look to maximize their investment by building in California.”

In exchange for the tax break, the company has promised to create exactly one full-time job.

The merits of Texas’s so-called Chapter 313 tax breaks have been debated ever since the program was created two decades ago......

Idiot:

--- Quote from: thackney on March 25, 2019, 02:01:49 pm ---Solar companies flock to a Texas tax break with questionable payback
https://www.houstonchronicle.com/news/politics/texas/article/Solar-companies-flock-to-a-Texas-tax-break-with-13706487.php
March 21, 2019

Although barely 25 miles from one of the country’s fastest growing cities, much of the land hugging this Austin bedroom community remains empty blackland prairie. Small farmhouses dot the dark soil fields that unroll into the horizon. Soon, though, if all goes according to plan, a Canadian company will begin installing a vast array of solar panels across 1,000 acres just a few miles outside of town.

But only under one condition: that it receives a multi-million-dollar tax break from the local school district.

Property taxes represent the biggest operating expense for solar projects. So without the giant reduction of its tax bill, Recurrent Energy warned, its executives would be forced “to look to maximize their investment by building in California.”

In exchange for the tax break, the company has promised to create exactly one full-time job.

The merits of Texas’s so-called Chapter 313 tax breaks have been debated ever since the program was created two decades ago......

--- End quote ---

IsailedawayfromFR:
That 'blackland prairie' they are describing is the most fertile soil in the entire state.  The early settlers recognized it was the best for producing crops.

Really disappointing to erect over all those acres these solar panels which take away from the land productivity.

Better to locate in the hill country, but I bet it is avoided as it is 'too pretty'.

Idiot:

--- Quote from: IsailedawayfromFR on March 26, 2019, 03:30:36 am ---That 'blackland prairie' they are describing is the most fertile soil in the entire state.  The early settlers recognized it was the best for producing crops.

Really disappointing to erect over all those acres these solar panels which take away from the land productivity.

Better to locate in the hill country, but I bet it is avoided as it is 'too pretty'.

--- End quote ---
Yup...the Austinites wouldn't stand for it.  There is really not much you can raise in the hill country.  Maybe a goat or two...that's about it.

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