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(Iowa) -- A new study shows Iowa's renewable energy production is continuing to grow, bringing with it a number of benefits to Iowa's economy and taxpayers.
The new report from Common Sense Institute of Iowa finds Iowa's renewable energy supplied 18% of energy to the state's power grid in 2010, but by 2025, the state's renewable energy production had risen to roughly 62% of the state's energy output. With the expansion of the state's renewable energy infrastructure has come billions of dollars in investment. The study from CSI finds combined investments in wind, solar, and battery power in Iowa generated over $23 billion dollars between 2016 and 2025.
The increase in Iowa's wind production specifically has shown to reduce property taxes in jurisdictions that have wind power facilities.
Ben Murrey with Common Sense Institute, Iowa, says: "Properties in school districts with no wind turbines pay 26% higher property taxes than those in districts that have revenue from large scale wind production. So there is a measurable difference in property tax burdens for local jurisdictions with and without wind."
The full study is available on the Common Sense Institute, Iowa website.