Oxbow Hill Solar

Solar to Power 30,000 NY Homes

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Why Oxbow Hill Solar

In addition to the environmental benefits of renewable energy, Oxbow Hill Solar will contribute to the local economy and the local tax base, while also putting downward pressure on wholesale energy prices.

  • Local economic benefits: New York State imported 26 million MWh of power in 2018 – enough power to supply almost one million homes for an entire year. Oxbow Hill Solar will provide a local source of power that will also support local jobs, taxes, and investment in-state.

  • New Source of Tax Revenue: Oxbow Hill Solar will increase local tax proceeds from the land where the project will be located by at least 10x without any new public infrastructure costs = an overall net gain to the Town, County, and School Districts

  • Downward Pressure on Wholesale Prices: By injecting a new source of energy in the electricity grid, Oxbow Hill Solar will put a downward pressure on wholesale energy prices.

  • Collocation with Agriculture: Oxbow Hill Solar will include the installation of pollinator-friendly vegetation to support NY’s pollinator population, which in turn support local farmers. We are exploring utilizing sheep grazing to manage vegetation on the Oxbow Hill Solar. This work would be sub-contracted out to a local grazer, providing an agricultural business opportunity for farmers in Fenner and Madison County.

  • Host Community Agreement: In addition to property tax revenue, we will work with local stakeholders to build a Host Community Agreement (HCA) that benefits the community. An HCA aims to deliver local improvements and benefits directly to Fenner.

    Why an HCA?

    • Shifts economic investment to the taxing jurisdiction with the most permitting burden (the Town) and typically the lowest tax rate.

    • Can help with the limitations of the 2% tax cap.

    Examples of HCA components

    • SUNY Morrisville Workforce Development Partnership – Internship and vocational partnership with the Renewable Energy training Center at SUNY Morrisville

    • Fenner Neighborhood Fund – Fund would establish issuing credits to neighbors of Oxbow Hill Solar project to offset a portion of their electricity bills

    • Ambulance District Fund – Donation to the ambulance district to prevent tax increases to residents