The Town of Independence, New York has signed an agreement to join developer OYA Solar’s state-wide community solar program with a subscription to its local solar project on Independence Road.
The municipality has approved the construction of this community solar project and two additional sites and can expect tax revenue from the projects for the next 25 years. State-regulated community solar programs allow all levels of government to access the benefits of renewable energy without committing the upfront capital or resources to develop and maintain a solar project of their own.
All subscribers of OYA Solar’s community solar program receive 10% savings on electricity through monthly bill credits with no additional costs.
“Signing the Town of Independence to our community solar program is the capstone of our efforts to develop and now construct the three solar projects within the municipality’s jurisdiction. We place utmost priority on developing close relationships with our host communities across our New York portfolio to share in the full range of benefits from our solar energy projects,” says Manish Nayar, the CEO and founder of OYA Solar. “In addition to receiving electricity cost savings from community solar, the municipality will also receive direct economic benefits with the upcoming construction start dates as well as tax revenue for the next 25 years.”
OYA Solar is expecting to start construction in Q3 2021 on the three community solar projects, Independence Road, Independence East and Independence North. The remaining 13 projects in OYA’s 2021 New York community solar portfolio are all expected to be in service before the end of the year. OYA’s New York community solar portfolio is only a portion of a broader 2 GW pipeline of community solar and utility-scale projects in the United States that support local access to the financial and environmental benefits of clean and affordable energy.
“The Town of Independence is committed to saving taxpayer money wherever possible. This is our first opportunity to enter into a partnership that will allow for long-term savings while ensuring a reliable source of energy for town operations. Our partnership with OYA will allow us to obtain energy more efficiently and effectively and will benefit the environment with a cleaner source of energy. We are looking forward to working with OYA to provide a savings for our taxpayers,” said Town Supervisor Jeri Reichman.
News item from OYA Solar