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Incentives approved for Genesee County’s sixth solar project
Incentives approved for Genesee County’s sixth solar project
The Genesee County Economic Development Center has approved incentives for a $6 million solar project in the town of Batavia.
Bright Oak Solar LLC is the sixth community solar project proposed to the GCEDC board in 2020 and combined, the projects are expected to generate roughly $28 million in capital investments in the county. The six solar farms will generate up to 26 megawatts of solar energy, officials said.
Bright Oak Solar’s project is a 4MW community solar project to be located on Galloway Road in the town of Batavia. The incentives include payments in lieu of taxes over the next 15 years, which are estimated to generate more than $122,000 in revenues to Genesee County and nearly $258,000 in revenues to the Oakfield-Alabama Central School District.
The total increase in PILOT payments and real property taxes for the project is estimated at $394,139 over 15 years.
GCEDC is the primary economic development agency in Genesee County. Its mission is to assist local economic development efforts by serving in a conduit financing capacity enabling the issuance of taxable and non-taxable debt to benefit the growth, expansion, ongoing operations and continued viability of for-profit business enterprise in Genesee County.
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Follow Velvet Spicer on Twitter: @Velvet_Spicer
