Oklahoma Tax Credits
Oklahoma’s wind incentives have brought billions in private investment to rural areas, lowering electricity prices, creating new jobs and providing property tax revenue for rural school districts.
The Advanced Power Alliance leadership worked directly with legislators to sunset tax incentives for the wind industry. As of July 2017, all wind tax incentives encouraging new developments in Oklahoma have ended. The incentive previously had a sunset date of Jan. 1, 2021.
During the next 10 years, the end of the Zero Emissions Tax Credit is estimated to save the State of Oklahoma $500 million – money which can be redirected to other state priorities.
“The zero-emissions tax credit was key to the growth of wind energy in Oklahoma, and I’m grateful to the industry for their ambitious successes, as well as their willingness to work with the state to address our challenging budgetary circumstances,” Gov. Fallin said in a news release. (April 2017)
Wind tax credits were essential to growing the wind industry and diversifying our state’s future in energy. Join the movement. Contact us.