Clean Energy News

Wind energy yields tax revenue

Wind energy projects in North Dakota have generated millions of dollars in tax revenue for rural communities over the last several years. In 2015, the projects generated $1,126,934 in electric generation tax revenue, and, in 2016, they generated $7.7 million dollars in property tax revenue. This new revenue was used to fund schools, roads, and other essential services like fire and emergency medical services.

Wind projects generate more than energy

Many people wonder what their community will get out of wind development, and in South Dakota, wind projects have generated more than energy. Important tax revenue for local schools, roads, and more have come from these projects.

In South Dakota, contributions of the projects came through nameplate capacity and production taxes, providing a tool for localities to offset the need for higher taxes. The nameplate capacity tax is based on the total energy generation of the project while the production tax assesses the actual production of a wind energy system.

Wind energy provides a breath of fresh air

Wind energy projects have proven to be an important economic development tool for counties across rural America. In Nebraska, these projects generated nearly $3 million in tax revenue for local schools – accumulating a total of $3,065,623 in 2017. The contributions were used to fund schools, roads, and other essential services. As rural economies look to diversify their revenue streams without raising taxes, wind energy projects could provide a breath of fresh air.

Utilities and transmission should present a unified effort on habitat conservation plans

Iowa has claimed a position as a leader in wind energy with the potential to produce 772,722 megawatts from wind according to the National Renewable Energy Laboratory (NREL). Currently Iowa generates about 37 percent of its electricity from wind energy, ranking it third in the nation for wind energy production. While wind energy has proven to be an effective economic development tool that has been embraced by the state, it is also essential that project developers and operators take steps to avoid impacts on vulnerable animal species in the region that could be affected by wind energy systems.

Property values not affected by wind farms

When it comes to economic development tools, wind energy has paid off for rural areas. Whether it be new employment opportunities, additional revenue for counties, or direct payments to landowners, wind energy has brought significant benefits to rural communities. However, any kind of new development comes with concerns. One frequent concern voiced by local residents is what effect, if any, the presence of a wind farm may have on their property values.

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