The Texas Legislature should end subsidies for renewable energy generators that harm the reliability of our grid and cost taxpayers billions.
Tell your legislators to protect the reliability of our grid by ending subsidies for renewable energy!
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Here are the facts:
- Big renewable energy companies in Texas will receive $36 BILLION in subsidies by 2029.
- Renewable energy fails to perform when we need it most, leaving generators of reliable power to make up the difference—without the subsidies.
- Huge subsidies for renewable generators artificially force prices down, making it impossible for reliable power generators to compete.
For more information and for the latest on why we need reform, visit our website: texaspolicy.com/renewables.
2006-2029 | ||
Subsidy/Credit | Amount | |
Production Tax Credit | $16.3 billion | |
Investment Tax Credit | ? | |
CREZ Transmission Lines | $14.0 billion | |
Federal Stimulus Funds | $1.6 billion | |
Renewable Energy Credits | $570 million | |
Interconnection Costs | $1 billion | |
313 Property Tax Limitations | $2.5 billion | |
312 Property Tax Abatements | ? | |
Total | $36.0 billion + |