Wind Energy InitiativeThe most fertile agricultural region on Earth has a new cash crop — wind. And thanks to new legislation and financial incentives, there’s no better time to harvest it.
Whether you’re building turbines or just looking to locate in the nation’s Wind Corridor, Kansas can mean big savings to your bottom line.
Kansas Wind Industry Overview
Kansas’ wind generating capacity recently surpassed 1,000 megawatts, making Kansas one of the top 10 states for wind production. The state’s wind generating capacity has more than tripled since the beginning of 2008, with five projects coming online in the past two years alone. This rapid increase in capacity, coupled with the state’s No. 2 ranking for wind potential, has positioned Kansas among the elite states for wind energy production. Click here for more.
Financial Incentives for Wind Projects
The State of Kansas can issue up to $5 million in financing for eligible wind and solar energy projects. To qualify, a project must create at least 200 jobs within five years, pay at least a $32,500 average salary and generate a minimum capital investment of $30 million. Click here for more.
Kansas offers a property tax exemption for property used in the generation of electricity from renewable sources.
Qualifying companies may be eligible for income tax credits and sales tax exemptions, along with training funds through the: Kansas Industrial Training (KIT) program; Kansas Industrial Retraining (KIR) program; and Investments in Major Projects and Comprehensive Training (IMPACT) program.
Wind energy companies may also be eligible for the Renewable Co-generation Tax Credit.
For more information on bringing your wind energy company to Kansas, contact:
Barbara K. Hake, CEcD
U.S. Business Recruitment Manager
Kansas Department of Commerce
9001 West 110th Street, Ste 150
Overland Park, KS 66210
Phone: 913-345-8347
Cell: 913-375-5835
bhake@kansascommerce.com
Randi Tveitaraas Jack
International Business Recruitment Manager
Kansas Department of Commerce
1000 S.W. Jackson, Suite 100
Topeka, KS 66612
Phone: 785-296-7868
rjack@kansascommerce.com