Tax deal OK’d for OYA Solar

Solar panels for a project developed by OYA Solar stand in a field covered by snow Wednesday in Clayton. Emil Lippe/Watertown Daily Times

WATERTOWN — A Toronto solar developer, and the Florida company that will buy the four arrays it builds in the towns of Orleans and Clayton, received financial support through a tax deal approved Thursday.

The Jefferson County Industrial Development Agency approved four payment-in-lieu-of-tax agreements for OYA Solar’s projects, one agreement for each five-megawatt array, but all with the same terms. The agreements grant relief from paying property taxes to company OYA agreed to sell the arrays to, NextEra Energy Resources, for 15 years in exchange for less expensive annual payments to the affected taxing jurisdictions.

As an Amazon Associate I earn from qualifying purchases.

Johnson Newspapers 7.1

Recommended for you

(1) comment

Holmes

Solar panels are so efficient with snow on them and on overcast days like every day this this year. (25% less) Oh, and the short days during winter months adds to that.. Not a very good return on the investment I would say...

Welcome to the discussion.

Keep it Clean. Please avoid obscene, vulgar, lewd, racist or sexually-oriented language.
PLEASE TURN OFF YOUR CAPS LOCK.
Don't Threaten. Threats of harming another person will not be tolerated.
Be Truthful. Don't knowingly lie about anyone or anything.
Be Nice. No racism, sexism or any sort of -ism that is degrading to another person.
Be Proactive. Use the 'Report' link on each comment to let us know of abusive posts.
Share with Us. We'd love to hear eyewitness accounts, the history behind an article.