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RICHMOND â€” At Tuesday nightâ€™s town council meeting, Richmond Solar asked for a tax agreement for its proposed solar farm on Stilson Road that included paying a yearly lump sum to the town in lieu of tangibles taxes, which are normally levied on business equipment. The lump sum did not include Richmond Solarâ€™s property taxes, which the company would pay for its two and a half acre site located off of Stilson Road.
Nexamp Project Developer Palmer Moore, who is also a principal at Richmond Solar, presented the proposal, which included paying $3,000 per year in lieu of the $29,000 per year tangibles tax.
The project is a ground-mounted solar array that will produce about 600 kilowatt hours a year, which is the equivalent of the electricity needed for about 100 homes. The planning board unanimously approved the project in May.
For more of this story pick up a copy of The Chariho Times.