Seabrook OKs 20-year deal with solar firm
The company already sought approval from the
PS Renewables, operated by
This will be the first solar farm to open in Seabrook, according to Town Manager
"Clearly, this project is good for the town of Seabrook and the environment," said
In addition, Ganz said, solar facilities produce clean, sustainable energy; make no noise; and bring in significant investment with no risk to the town.
The payment agreement states there are two levels of taxation -- unimproved land will be taxed to the landowner and any improvements PS Renewables makes to any land will be taxed to the business. These agreements are usually set for five years, said Selectwoman
"It's not like it will be we're getting all the tax money, it will be given out just as we do our regular homeowner's taxes," Kyle said. "Some of it goes to the school district, among other things. It's not like we have this big windfall, but it is a good idea because the town will have certainty in what we're getting."
The plan was approved by the
"This is an additional benefit to the Town of Seabrook," Manzi said. "We get some solar energy out of it, which is a good social need and the landowner continues to pay taxes."
Taxes will be paid based on the generation capacity of the solar farm rather than revenue, Kyle noted. If there is an increase in generation capacity, "then the amount the town would see would go up as well," she said.
For more about PS Renewables: http://psrenewables.com/.
Staff writer
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