The Oklahoma Legislature signed House Bill 2298 into law ending qualification for the Zero Emissions Tax Credit for electricity generated by wind turbines effective July 1, 2017. However, projects built before the sunset date will still be paid subsidies for 10 years. That means Oklahoma taxpayers are still subsidizing multi-billion dollar companies foreign to Oklahoma who sell electricity to residents of other states.
Learn How Big Wind Can Contribute to Oklahoma’s Budget Deficit
Lawmakers are struggling with how to fund education and a gap in our state budget. The state could potentially generate more than $120 million annually through a simple majority vote of the legislature to change two wind subsidy programs. Read a recent editorial here. Read a recent editorial here