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$13M community solar project gets green light from county agency
$13M community solar project gets green light from county agency
Listen to this articleThe Genesee County Economic Development Center board of directors has accepted GSPP Route 262, LLC’s initial resolution to construct a five-megawatt community solar project, valued at $13 million, in the town of Byron.
Under the agreement, the LLC will receive a sales tax exemption of $1.06 million, a mortgage tax exemption of $71,000 and a property tax exemption of $778,000.
Additionally, the project is estimated to generate a $627,000 increase in property-tax type revenues to host municipalities resulting in $5.14 in revenue for every $1 generated from the property’s current use, the agency reported.
The host municipalities are Genesee County and the town of Byron, along with the Byron-Bergen Central School District.
A public hearing on the proposed project will be scheduled in the town of Byron.
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