The Rush Creek Wind Project is expected to inject more than $1 billion into the local economy through construction and operation, estimates Xcel. According to the Leeds School of Business at the University of Colorado in Boulder, the wind facility ultimately is expected to create more than 7,000 jobs in Colorado, based on a 25-year analysis. Rush Creek also will result in $180 million in lease payments and local property taxes over its lifetime.
In addition, Xcel Energy customers in Colorado will benefit from the project, particularly by taking advantage of federal tax credits. Xcel Energy will also be able to reduce generation fuel and operations and maintenance costs compared to other forms of generation, according to the Leeds study. It is estimated that the project will save residents and business customers more than $400 million on a net present value basis over the life of the 25-year project.