Commissioners grant photo voltaic farm incentives | Information

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Lamar County Commissioners Court docket on Monday authorized cost in lieu of property taxes for 3 photo voltaic farms anticipated to find in southwestern Lamar County, bringing to a dozen the variety of photo voltaic farms both in operation or deliberate for operation right here.

Mixed, the county is predicted to obtain roughly $1.4 million yearly in funds from the three firms in lieu of property taxes for a interval of 10 years, based on agreements authorized by commissioners. After the 10-year interval, the property can be assessed for taxes at 100% worth.

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