comptroller seal Texas Comptroller of Public Accounts

FOR IMMEDIATE RELEASE

April 16, 2018

Fiscal Notes: Solar Power in Texas — The Next Big Renewable

(AUSTIN) — In the April issue of Fiscal Notes, released today, the Comptroller’s office examines the emerging solar industry in Texas, which includes 532 solar companies and nearly 100 manufacturers. It represents a relatively small slice of the national industry, but it’s growing rapidly, driven by improved technology and falling prices.

“There are still unknowns that may affect the industry, including the fate of federal tax credits and a recent tariff on foreign-made solar panels,” said Texas Comptroller Glenn Hegar. “But the long-term prospects for this industry seem bright as companies work to meet our state’s ever-expanding energy needs.”

The April issue of Fiscal Notes also looks at the world of “cryptocurrencies,” of which Bitcoin is by far the most famous. These unconventional products, basically complex lines of computer code, have become the fastest-rising — and some of the most volatile — investments seen in decades.

Fiscal Notes is available online and also can be received by subscribing via the Comptroller’s website.

Fiscal Notes helps promote and further explain the Comptroller’s constitutional responsibility to monitor the state’s economy and estimate state government revenues. It has been published since 1975, featuring in-depth analysis concerning state finances and original research by subject-matter experts in the Comptroller’s office.