New Wind Energy Laws Help State

Posted on Monday, June 30, 2008

Starting tomorrow, South Dakota will have a more stable and consistent tax climate for the wind industry thanks to new legislation that will provide tax incentives for wind energy facilities.

The new legislation offers an incentive for the building of transmission lines and infrastructure. "We know we need additional transmission lines and infrastructure to get our wind energy to consumers and we are prepared to help offset some of those costs for new and expanding companies", said Gov. Rounds.

South Dakota is currently ranked fourth in overall wind generation potential. Since June of last year, South Dakota has increased wind energy capacity by more than 300 percent.