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TEXAS CLEAN ENERGY PROJECTS RECEIVE TAX CREDITS

By
Commercial Real Estate Agent with Paul Johnson and Associates

Amarillo and San Angelo combined to receive $6.2M in Recovery Act Tax Credits based on their ability to create more jobs.

- Erik

TEXAS CLEAN ENERGY PROJECTS RECEIVE TAX CREDITS

WASHINGTON (U.S. Department of Energy) - President Obama has awarded $2.3 billion in Recovery Act Advanced Energy Manufacturing Tax Credits for 183 clean energy manufacturing projects across the United States, including eight in Texas.

Texas tax credits include:

  • $2.7 million for Alstom Inc. and Subsidiaries' Amarillo wind towers,
  • $495,510 for Cooper Power Systems LLC's Nacogdoches smart grid,
  • $1.4 million for Johnson Plate & Tower Fabrication Inc.'s Canutillo wind towers,
  • $3.5 million for Martifer-Hirschfeld Energy Systems LLC's San Angelo wind towers,
  • $450,000 for Ringdale Inc.'s Georgetown production expansion project,
  • $4.2 million for Roller Bearing Co. of America Inc.'s Houston wind turbines,
  • $4.3 million for Siemens Energy Inc.'s Hutchinson wind towers, and
  • $51.5 million for Texas Instruments Incorporated's Richardson buildings.

The investment tax credits, worth up to 30 percent of each planned project, will leverage private capital for a total investment of nearly $7.7 billion in high-tech manufacturing in the United States.

The projects were selected through a merit review process, and the companies chosen could create more than 17,000 jobs nationally in some of the fastest growing parts of the economy.

Posted by

Erik Johnson, CCIM
Paul Johnson & Associates
4633 South 14th
Abilene, TX 79605
325 698-5661 office
325 692-8508 fax
325 439-0186 mobile
Erik@PaulJohnsonRealtors.com  
www.pauljohnsonrealtors.com