FDACS Department of Agriculture

Florida Department of Agriculture and Consumer Services Releases 2013 Office of Energy Annual Report; Analysis of Economic Contribution of 2013 Renewable Energy Tax Incentives

Mar 7 • 412 Views • View Comments

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Tallahassee, FL – The Florida Department of Agriculture and Consumer Services today released the Office of Energy’s Annual Report for 2013. The department also issued the Analysis of the Economic Contribution of the 2013 Renewable Energy Tax Incentives, which summarizes the impact of the 2013 tax incentives on Florida’s economy and the jobs created as a result.

The Annual Report outlines many of the accomplishments by the Office of Energy in 2013, including:

  • Launch of the Florida Energy Clearinghouse to provide Floridians the information they need to be knowledgeable energy consumers and make smarter, more informed decisions about the energy choices they make every day.
  • Completion of 15 grants supporting local governments to reduce their total energy use through the installation of energy efficient lighting.
  • The third Florida Energy Summit, which brought together leaders to discuss Florida’s energy policy and explore how Florida can foster the development of new energy technologies.
  • Development of legislative proposals to cut the tax businesses pay on electricity consumption in half, divert the remaining tax revenues to improvements in Florida’s education infrastructure and create a tax holiday weekend for consumers to purchase energy efficient appliances.

The full Annual Report is available here.

Findings of the Analysis of the Economic Contribution of the 2013 Renewable Energy Tax Incentives include:

  • Renewable Energy Tax Incentives produced an estimated total economic contribution of more than $200 million.
  • More than 700 jobs were created or supported statewide as a result of the Renewable Energy Tax Incentives.
  • Renewable Energy Tax Incentives generated an estimated $17.1 million in state and local taxes, and an estimated $43.1 million in labor income.
  • While two of the three tax incentive programs had a substantial, positive impact on Florida’s economy, Commissioner Putnam recommends the repeal of one of the programs – the Florida Renewable Energy Technologies Sales Tax Refund – due to lack of interest from prospective participants.

The full Analysis of the Economic Contribution of the 2013 Renewable Energy Tax Incentives is available here.

For more information about the Florida Department of Agriculture and Consumer Services, visit www.FreshFromFlorida.com.

 

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