State Renewable Subsidies
State subsidies for renewables from 2006-21 will total about $10.3 billion by the end of the year, with
another $4.9 billion expected through 2029.
Renewable Energy Credits (REC). Texas’ Renewable Portfolio Standard (RPS). was put into place by the
Texas Legislature in 1999 and expanded in 2005.
CREZ Transmission Lines. In 2005, the
Texas Legislature required the Public Utility Commission of Texas (PUC) to oversee the development of CREZ transmission “in areas in which renewable energy resources and suitable land areas are sufficient to develop generating capacity from renewable energy technologies.” The PUC required construction of 2,376 miles of new transmission rights-of-way to largely benefit wind generation, with the cost to be paid by all Texas electricity consumers.
Local Renewable Subsidies
Chapter 312 and Chapter 313 Property Tax Abatements/Limitations. The
Texas Legislature authorizes local governments to administer property tax abatements under sections 312 and 313 of the Tax Code. Chapter 312 abatement, offered by counties, cities, and special purpose districts, may last up to 10 years in duration and must be conditioned upon improvements being made to the property.
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