That's right—wind power will save Texas consumers $16 billion by 2050. The Department of Energy (DOE) has released its Wind Vision report, which explains this and other benefits of Texas-made wind power. The report assumes the continued expansion of wind power in the state and anticipates that Texas can achieve the Wind Vision's goals by 2020 and 2030.
“Corporate America, especially American manufacturers, are embracing wind energy because it provides power that is cleaner and cheaper, while bringing long term price stability to their business planning. In Texas, household names like Dow, Mars, Procter & Gamble, IKEA, Walmart, HP, Google, Facebook, Microsoft, Intuit, Unlever-and many more are using wind energy to improve their businesses and their corporate bottom line.”—Jeff Clark, Executive Director, Wind Coalition
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As the wind industry grows in Texas, so do its benefits. In addition to saving consumers billions of dollars, wind could supply 37.8% of Texas's electricity by 2030, powering 15.4 million American homes.
Other benefits include:
- $239.5 million in annual property tax revenue by 2020
- $98.1 million in annual lease payments to Texas farmers and other rural landowners by 2020
- 31.4 billion gallons of fresh water conserved every year by 2030