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Council gives first reading to PILOT ordinance for $39.14M solar project; inducement resolution approved
Summary
Chester County gave first reading to Ordinance 2025‑12 and approved Resolution 2025‑11 to provide preliminary incentives to Chester PV 1 LLC for a solar project proposing roughly $39.14 million in investment and a 39.6 MWh capacity; a public hearing is scheduled for June 23.
Chester County Council on May 19 conducted first reading of Ordinance 2025‑12, authorizing a fee‑in‑lieu of ad valorem tax (PILOT) agreement with Chester PV 1 LLC, and approved Resolution 2025‑11 providing preliminary approval for negotiated incentives and multi‑county park arrangements for the same project.
A presenter for the county described the project's parameters as a roughly $39,140,000 capital investment over five years, with a 40‑year repayment framework. The project was described in council materials as a 39.6 megawatt‑hour equivalent installation with a $6,500 per megawatt‑equivalent investment figure that yields an estimated company payment of $257,400 per year. The package presented to council also includes a site mitigation plan and a decommissioning bond equal to either 50% or 1.5 times the net decommissioning cost (decommissioning cost less any scrap value).
The presenter said the ordinance will require three readings and that a public hearing is scheduled for June 23. Council approved first reading of Ordinance 2025‑12 and passed Resolution 2025‑11 on preliminary approval for incentives by voice vote.
The ordinance references Title 12, Chapter 44 of the Code of Laws of South Carolina (1976), as amended, which governs fee‑in‑lieu arrangements used for economic development incentives.
