York will soon receive its
first solar farm thanks to the Green County Industrial
Development Agency (IDA), who is purchasing the land in
Coxsackie, and Cornerstone
Power Development, who will lease the 128 acres of land.
$60 million solar farm will be a 15-megawatt facility, but could grow
to 20-megawatts. It is expected to generate $2.6 million in tax
revenue over the next 25 years, which is a
significant boost for the town of Coxsackie.
has a current agricultural exemption and it generates about $1,100 a
year," said Sandy Mathes, IDA Executive Director. "If we
were to increase that by three percent per year for the next 25
years, that property would generate about $45,000 in total taxes.
Under this project and the plan that we expect to implement, that
number would go to $2.6 million providing incredibly valuable new
revenue to our taxing jurisdictions."
construction of this new solar farm is also expected to generate
jobs. During the construction phase, 25 to 30 jobs will be required.
After the solar farm is completed, five to six full-time positions
will be needed to run it.
use of utility-scale solar fields is not as common in the
northeastern U.S. as it is in western states like California and
Arizona because there is considerably less sunlight in this area
(which makes large scale use of solar fields not so cost-effective).
But with the price of solar panels going down, a solar farm has
become a beneficial addition and will help New York (and eventually
other U.S. states, hopefully) leap into the world
of renewable energy.
the economy improves again, we're going to need new power plants,"
said Daniel Somers, a Cornerstone Power Development executive. "We
feel that solar is starting to make sense."
solar farm is not the only farm currently in-progress in New York.
According to Mathes, a large-scale solar farm is being built on Long
Island as well, but the Coxsackie farm is expected to be completed
addition to building the utility-scale solar field, the IDA will also
create a program that will allow businesses and homes to utilize
solar power as well by installing smaller versions of the
solar equipment on their buildings/homes.
will hold anyone's hand that wants us to," said Mathes. "We
want to take away the intimidation."
solar farm in Croxsackie will be built between Flint Mine Road and
Farm to Market Road, and is expected to begin construction next year.
It will bring electricity to thousands of homes by 2012 when it is
sold into the electrical grid.
is a great project and great use of that property," said
Alexander Betke, town supervisor.
quote: Exxon tries to limit the tax pain with the help of 20 wholly owned subsidiaries domiciled in the Bahamas, Bermuda and the Cayman Islands that (legally) shelter the cash flow from operations in the likes of Angola, Azerbaijan and Abu Dhabi. No wonder that of $15 billion in income taxes last year, Exxon paid none of it to Uncle Sam, and has tens of billions in earnings permanently reinvested overseas.
quote: In fact, in 2008, the Government Accountability Office found that “ two out of every three United States corporations paid no federal income taxes from 1998 through 2005 .”
quote: But Somers said the cost of solar panels has decreased enough to make building in places like New York worthwhile. New York state also has incentives to support large-scale renewable energy projects.