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Millions of dollars in benefits from less than 2% of county farmland

Local solar projects usually generate millions of dollars in benefits from less than 2% of county farmland.

Solar projects deliver big investment and economic growth to rural communities:

  • Millions in investment

  • Millions of additional property tax payments.  Money that can be used: 

    • To invest in schools

    • Provide broadband internet

    • Support first responders

When landowners decide to lease their land for solar energy development, the surrounding community benefits, too.

  • In Knox County,  the 1,200-acre Ratts II Solar project is less than one-half of a percent of farmland in the county.

 

  • Over the next 25-30 years, the landowners will receive a steady income to provide for their families. Their decision to lease their land will enable millions of dollars in new tax revenue.

  • In White County, the proposed Cavalry Solar will be less than 1% of farmland – only 1,800 acres.

 

  • Meanwhile, a private company's $206 million investment will provide an estimated $22.5 million in new property taxes to the county. 

Because of payments made from solar and other renewable energy projects, some rural communities are able to provide highspeed internet access in places where there is none today.  This high speed access is vital as schools and businesses increasingly rely heavily on remote learning and work from home.

Rural economic development experts from across the state support new solar projects.

 

They create local jobs, make investments directly into our rural communities and help protect our agricultural heritage and preserve farmland.

Farmer Bill Schroeder on the benefits a renewable energy project brought to his community.