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Texas Tax Credits

According to UTNews, “The Renewable Electricity Production Tax Credit (PTC), which is most often taken by wind farms, credits every mega-watt hour that wind produces $23 for the first 10 years of production.

“For solar, the Business Energy Investment Tax Credit (ITC) provides a 30% tax credit (applied to upfront installation costs) for the project. Both federal tax credits, the PTC and ITC, for renewable projects are being phased out over the next few years.”