Revenues, Consumer Savings, and Jobs
The RIC Limberlost Solar Projects will provide a tangible economic benefit in the form of tax revenue to the local community. The Projects will pay taxes to taxing jurisdictions in accordance with the New York State standard appraisal methodology for solar and wind energy systems. This tax revenue is significantly greater than the taxes that are generated by the existing agricultural use and will support local and county services, education, and infrastructure while creating very minimal demand for town or county services and no demand for services from the School District.
The RIC Limberlost Solar Projects will also allow residents to enroll in the New York State Energy Research and Development Authority’s (NYSERDA) community solar program and save money every month on their electric bills. Residents can subscribe to the community solar project and receive credits on their electric bill for the clean energy produced. Everyone, including renters and co-op/condo owners, can save money by accessing the clean energy produced by the RIC Limberlost Solar Projects. Community Solar customers both offset their electricity consumption using locally produced clean energy and also benefit from the offered discounts on the community solar credits that lower their monthly electric bill.
The RIC Limberlost Solar Projects will open opportunities for construction jobs, as well as for long-term employment or services throughout the operation and maintenance phase, leading to more job creation for the community.