Renewable energy projects approved for tax abatements

Renewable energy projects approved for tax abatements
Solar panels. Photo by American Public Power Association on Unsplash

CARSON CITY — The Governor’s Office of Energy this month shared news of tax abatements granted to five renewable energy projects in 2021. The abatements are intended to spur investment in capital and hiring to attract new companies to the state and encourage expansion.

“Our [Renewable Energy Tax Abatement] program creates jobs, brings large economic investments into the state, and maximizes use of Nevada’s abundant renewable energy resources to help reach our renewable portfolio standard of 50% of power generation from renewable sources by 2030,” GOE Director David Bobzien said.

The five companies are expected to invest more than $1.5 billion in Nevada’s economy through sales and property taxes and payroll.

The five companies approved for abatements last year are:

  • Dry Lake Solar (Clark County) was approved in January 2021 to receive $36,478,866 in abatements and will invest an anticipated $343,349,803 in Nevada, provide 195 construction jobs and two operational jobs.
  • Gemini Solar (Clark County) was approved in February 2021 to receive $121,088,850 in abatements and will invest an anticipated $1,011,884,025 in Nevada, provide 422 construction jobs and six operational jobs.
  • Citadel Solar (Storey County) was approved in May 2021 to receive $13,039,568 in abatements and will invest an anticipated $61,251,812 in Nevada, provide 96 construction jobs and six operational jobs.
  • North Valley Power Plant (Washoe County) was approved in October 2021 to receive $10,934,530 in abatements and will invest an anticipated $123,974,682 in Nevada, provide 38 construction jobs and 13 operational jobs.
  • Boulder Flats Solar (Clark County) was approved in November 2021 to receive $7,725,848 in abatements and will invest an anticipated $42,685,048 in Nevada, provide 102 construction jobs and two operational jobs.

Source: GOE