News Article
Half A Billion Solar Subsidy For Texas
Texas Senate approves the launches of a $500 Million solar subsidy
The Texas Senate has approved one of the largest subsidy programs for solar power in the United States. The program mandates a 60% increase in alternative energy from sources other than wind over the next five years. The program is expected to result in an additional 200-500 megawatts of solar power in the State of Texas. (There are currently 590 megawatts of solar power generated nationwide).
“The Texas legislature has made it clear that the State has put out the welcome mat for companies such as Evolution Solar who are committed to expanding solar capacity in the United States,” stated Robert Kaapke, CEO of Evolution Solar Corp. “This new initiative will put Texas in the forefront of states that provide solar incentives and help make Texas the leader in solar power as it already is in wind generation.”
Texas is expected to attract solar manufactures with its new incentives as well as installations from companies such as SunTech and Energy Conversion Devices.
“The Texas legislature has made it clear that the State has put out the welcome mat for companies such as Evolution Solar who are committed to expanding solar capacity in the United States,” stated Robert Kaapke, CEO of Evolution Solar Corp. “This new initiative will put Texas in the forefront of states that provide solar incentives and help make Texas the leader in solar power as it already is in wind generation.”
Texas is expected to attract solar manufactures with its new incentives as well as installations from companies such as SunTech and Energy Conversion Devices.