Oklahoma is at Risk to Pay $930 Million in Zero Emission Wind Tax Subsidies
Oklahoma pays wind companies .005 cents for each kWh of electricity generated by wind turbines. Although legislation was passed to end the ability for new projects to qualify after July 1, 2017, projects built before that date will be paid subsidies for 10 years.
Based on 2016-2017 electricity production from eligible wind facilities, Oklahomans are at risk to pay an additional $930 million before the credit ends.
These are estimates based on wind production facilities eligible for tax credits. The Oklahoma Tax Commission has not yet released 2016 actuals.