A Positive Impact
for Frederick County, Virginia
Foxglove Solar will pay approximately $3 million dollars in tax revenues to the county over its lifetime. These dollars could be used improvements such expansion of broadband internet, investment in area schools and other community services–all while providing clean, locally sourced solar energy to Virginia.
Estimated Tax Revenues*
- Machinery and Tools Tax – $1.85M
- ~$105,000 in the first year
- Increase Real Property Tax of $1.15M
- ~$31,000 in the first year
*Estimated tax revenues are based on a 35-year project life.
Long-Term Economic Lift
Foxglove Solar will generate power for 35 years and that means long-term benefit for the surrounding region.
- Annual Machinery & Tools Tax payments to the county for the life of the project.
- Increase in assessed real estate taxes of 6x existing assessed value.
- No county infrastructure or public services required for solar development.
- Local and regional construction jobs.
Environmental Impact
- Annually powers 12,000 homes while offsetting 68,000 metric tons of CO2.*
- No daily traffic from operations.
- Use is long-term, but temporary, and land will afterwards be well-suited for timber, farming, etc.
- Existing natural buffers will remain in place.
*Source: Emissions reductions based on EIA state level data for fossil fuel generation replacement. Project emissions are included for entire life cycle based on NREL Harmonization studies as well as foregone forest sequestration per EPA equivalency analysis.
