Albany County agrees to 15-year PILOT with Reservoir Road Solar for 5 MW array
Legislators authorized a 15-year payment-in-lieu-of-taxes (PILOT) under Real Property Tax Law §487 with Reservoir Road Solar for a proposed 5-megawatt array; the agreement would pay $1,000 per megawatt annually with a 2% escalator.
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The committee authorized a proposed 15-year pilot agreement under New York Real Property Tax Law §487 with Reservoir Road Solar for a proposed 5-megawatt solar array.
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