AUSTIN, TX and WASHINGTON, D.C. — (RealEstateRama) — The solar industry voiced support for the Texas House of Representatives for passing a 10-year extension of Chapter 312, a section of tax code that enables property tax abatements for companies bringing new investment and jobs to Texas. The legislature sent this tax abatement extension that includes renewable energy provisions to Governor Abbott for signature.
Following is a statement from Katherine Gensler, vice president of regulatory affairs for the Solar Energy Industries Association:
“We urge Governor Abbott to recognize the positive impact Chapter 312 has on so many industries doing business in Texas and to sign the 10-year extension. Texas is a national leader in solar energy and is already seeing the resulting economic benefits. Solar investments in the state total $4.5 billion and more than 9,500 Texans work in the industry, helping to drive local economies. We ask that Governor Abbott sign the 10-year extension for Chapter 312 into law so Texas can continue to realize the economic activity solar is bringing to the Lonestar State.”
Celebrating its 45th anniversary in 2019, the Solar Energy Industries Association® is the national trade association of the U.S. solar energy industry, which now employs more than 242,000 Americans. Through advocacy and education, SEIA® is building a strong solar industry to power America. SEIA works with its 1,000 member companies to build jobs and diversity, champion the use of cost-competitive solar in America, remove market barriers and educate the public on the benefits of solar energy. Visit SEIA online at www.seia.org.
Morgan Lyons, SEIA’s Senior Communications Manager, (202) 556-2872