, a subsidiary of Orion Renewable Energy Group LLC, submitted an application in the Highland Park school district in May. Construction and tax abatements are expected to begin in 2026. Future plans are still in the works.
Yellow Rose has other solar projects in Texas already, Smith said. Texas has one of the highest potential solar outputs the U.S.,“It doesn’t kill a project [not to have tax benefits], but it helps. From our standpoint, it makes it more economically feasible,” Smith added. “We’re the big risk takers. We’re the wildcatters. We’re early stage development. What we do is we identify areas that have good interconnection, where you can connect to the grid and put in as much power as you can and then also have wind and solar resources,” Hill Country Wind Power LP president and CEO Seth Ricklin said. “We take the biggest risk and put the project together, and we de-risk it.
He believes the failure to renew Chapter 313 is an “intentional way to slow down renewable development in the state of Texas” that will also raise electricity prices. When placed in the right areas, wind power is one of theHill Country Wind Power’s strategy of securing tax benefits now to sell to a later investor or venture capital group later is completely legal under the current tax code.
The comptroller is still receiving last-minute submissions past that recommendation, including one submitted July 28 byNathan Jensen, a government professor at the University of Texas at Austin, has been one of the state’s mostcritics of Chapter 313 based on his research. He said the program is “expensive and poorly targeted,” handing out money to companies that would have come to Texas anyway without creating a large number of jobs. This year’s surge in applications left him confounded.
So tired of this “come to Texas and don’t pay taxes” crap. Meanwhile, our property taxes, for those of us who pay them, keep going up. Taxes and utility bills are forcing pe from their homes.