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A 30-year PILOT plan was approved for a solar farm in St. Lawrence county

December 31, 2021 by l

 
“A 28- acre solar farm in St. Lawrence County has gotten approval for a 30-year payment in lieu of taxes or PILOT plan. PILOT is a New York state program that allows municipalities to make long-term payment agreements with businesses in place of regular tax payments.

It will require Source Renewables, the owner of the solar farm to pay $5,000 for every megawatt produced by the farm in its first year. The project is for a 5-megawatt solar farm. The amount will increase by 2% each year for the rest of the agreement. “
 
read the entire article
 
Clarke, Celia. North Country Public Radio 30 December 2021.
 

Posted in: Duanesburg News Tagged: Oswegatchie, Payment in Lieu of Taxes, PILOT, Source Renewables, St. Lawrence County, Watertown Daily Times
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