A Positive Impact
for Brunswick County, Virginia
Monarch Solar will pay approximately $66.3 million dollars in tax revenues over its lifetime. These dollars could be used for county 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*
Brunswick County:
- Machinery and Tools Tax – $60.6M
- Increase Real Property Tax of $5.7M
- Switching Station Tax: $3.3 million
- Additional tax revenue will be paid when construction of a new utility line is completed.
*Estimated tax revenues are based on a 35-year project life.
Long-Term Economic Lift
Monarch Solar will generate power for 25-35 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 up to 6x existing assessed value.
- No county infrastructure or public services required for solar development.
- Local and regional construction jobs.
Environmental Impact
- No prime farmland will be used.
- Annually powers 95,000 homes while offsetting 489,000 metric tons of CO2.*
- No daily traffic from operations.
- Use is long-term, but temporary, and land can be reclaimed for timberland.
- 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.
