March 29, 2024

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Twin photo voltaic jobs planned for Chautauqua County | Enterprise Neighborhood

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solar farm





Two extra solar farms are coming to Chautauqua County, less than a program by an Atlanta-primarily based substitute-vitality developer that needs county tax breaks to assist the projects.

Dimension Renewable Strength, which develops group solar tasks and utility energy storage methods, needs to put up a pair of solar-panel arrays on 44 acres of land it would obtain in the Town of Sheridan, at 3323 Werle Street.

Both tasks – as a result of Sheridan CSG 1 LLC and Sheridan CSG 2 LLC, respectively -would produce 4.125 megawatts of solar power, and each and every would price $7.225 million to construct, funded completely by Dimension.

The developer is asking the Chautauqua County Industrial Growth Company for $289,000 in gross sales tax added benefits and an uncommon 25-yr payment-in-lieu-of-taxes reward for its property taxes on each and every task, but on the advancements only, not the land.

“With no the agency’s guidance, this challenge is not economically feasible,” the enterprise stated in its application to the IDA.

The annual tax payment would begin at $3,800 per megawatt – or $15,675 per task – and maximize by 2% a yr, in the end achieving $25,212 for each venture in the last 12 months. That is a whole of just in excess of $500,000 in payments for every single challenge more than 25 decades, or $1 million.

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