Tax Abatements: Reducing Property Tax, Encouraging Industry Growth
Wind and solar energy projects are lucrative not only for energy companies, but also for individual property owners. Once installed, these developments often increase the value of land. While increased property values can result in higher tax liabilities, tax abatement programs are available.
Wetsel & Lederle, LLP, is a trusted legal resource for individual landowners, municipalities, government agencies, and wind and solar energy companies. With offices in Sweetwater and Lubbock, the firm helps clients in Texas establish tax abatement programs that reduce property taxes and encourage the continued growth and development of the renewable energy industry.
Property Tax Abatement
Texas property laws allow counties to issue tax abatements, or exemptions, for increases in land value arising from the installation of solar or wind energy projects. Facilitating these arrangements requires three things:
- Knowledge of all applicable federal, state and local laws
- An understanding of renewable energy projects
- Familiarity with municipal governing systems
Recognized Leaders In The Industry
The lawyers of Wetsel & Lederle, LLP, have in-depth legal and industry knowledge. They are recognized leaders in energy law and have worked with many individuals and municipalities throughout the Southwest.
They provide representation during every stage of the project, including:
- The establishment of the project zone
- Obtaining approval from county commissioners
- The development of guidelines and criteria for the tax abatement
- Representation at any public hearings prior to the vote
The firm’s attorneys are often called upon to testify as experts during lawsuits involving solar power, wind energy, and oil and gas disputes.
A Benefit To Working With Different Parties
Because the firm regularly represents clients on all sides of these matters – individuals, businesses and governments – the attorneys can often anticipate what each side needs and what objections may raise. This foresight typically facilitates the prevention and/or quick resolution of disputes and leads to agreements that are acceptable to all parties.
Contact Wetsel & Lederle, LLP, Today To Learn More
Wetsel & Lederle, LLP, serves clients throughout Texas as well as New Mexico, Oklahoma and Colorado. For more information about Texas tax abatements, call 800-787-0784, or contact the firm online.