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Genesee County considering incentives for additional solar project
Genesee County considering incentives for additional solar project
The Genesee County Economic Development Center has accepted an application for more solar projects.
Batavia Solar LLC is proposing to invest roughly $3.5 million to build a 165 MW community solar farm in the town of Batavia. GCEDC accepted the proposal at its Aug. 6 board meeting, but because the total incentive amount exceeds $100,000, a public hearing will be scheduled before a final vote on project incentives.
As with previously approved community solar projects, Batavia Solar is proposing to contribute payments of $5,500 per MW at a 2 percent annual escalator over 15 years if GCEDC approves the incentives being sought by the company. Batavia Solar also would contribute to a workforce development and local economic development programming fund.
The proposed addition will bring the total megawatts of power to 30, and municipalities in Genesee County would now be projected to generate revenues of more than $3 million over 15 years, with nearly $2 million of those revenues going to school districts.
Batavia Solar is asking for roughly $500,000 in sales, mortgage and property taxes. The project is estimated to generate a $42.35 to $1 rate of return based on existing property taxes.
[email protected] / 585-653-4021
Follow Velvet Spicer on Twitter: @Velvet_Spicer
