TLDR Hardware · MISCELLANEOUS
TESLA'S $10B TEXAS SOLAR FACTORY COULD GET 35 YEARS OF TAX BREAKS
Summary from the TLDR Hardware newsletter
Fort Bend County approved four deals that could give Tesla's proposed $10 billion "Project Crystal Sun" solar plant up to 35 years of tax breaks, though Tesla hasn't committed to building in Texas. The plant would be vertically integrated, making silicon ingots through finished modules near Richmond, with $8.6 billion of the spend in equipment, which gets 10 years of full abatement and 20 years of 90% rebates. Commercial cell production is due by the end of 2030.