A Positive Impact
for Caroline County, Virginia
CC Solar will pay approximately $19.8 million dollars in new revenue over the 35 year life of the project. These dollars could be used for county improvements such as expansion of broadband internet, investment in area schools and other community services–all while providing clean, locally sourced solar energy to Virginia.
Estimated Revenues*
Revenues to Caroline County:
- Voluntary Payments to Caroline County – $3.5 M
- Real Property Tax – $3.3 M
- Solar Facility Tax – $12.3 M
- Switching Station Tax – $545,000
*Estimated revenues are based on a 35-year project life.
Long-Term Economic Lift
CC Solar will generate power for 35 years and that means long-term benefit for the surrounding region.
- Annual Tax payments to the county for the life of the project.
- A two-fold increase in the assessed value of the land underlying the solar facility.
- No county infrastructure or public services required for solar development.
- Local and regional construction jobs.
Environmental Impact
- Voluntary soil testing will be conducted throughout the life of the project.
- The use of rotational crops on site is being explored.
- Approximately 700 acres will be preserved as wetlands and vegetative buffer areas.
- Mature trees surrounding the project area will remain in place.
- Annually powers 18,000 homes while offsetting 104,800 metric tons of CO2.*
*Source: Emissions reductions based on EIA state level data for fossil fuel generation replacement. Project emissions are included for entire life cycle (from construction to operation) based on NREL Harmonization studies as well as foregone forest sequestration per EPA equivalency analysis.
