North America
April 25, 2017
Renewables | Wind Power
Policy Brief
EnerKnol’s Visual Primer – Early Ending of Tax Credits Casts Uncertainty over Oklahoma Wind Industry
Withdrawing Support for Wind Could Lead to Missed Long-Term Growth Opportunities in Multiple States
Oklahoma has enacted legislation ending the state’s wind energy tax credits on July 1, 2017, more than three years ahead of the original schedule to help close a budget deficit. The early sunset of tax credits is unlikely to impact the budget outlook in the near term, but creates uncertainty for wind projects under construction. Addressing the state’s recurring budget deficits require a comprehensive economic plan and a long-term strategy to draw new investment and align revenues.
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