PS Renewables secures PILOT for solar project in the Town of Seabrook, NH
On Monday, the board of selectmen of the Town of Seabrook approved the negotiated Payment In Lue Of Taxes Agreement, for the STC solar farm currently under development by PS Renewables.
“We are very pleased that our proposals have been agreed, showing that the good collaboration established since we embarked on the journey to develop a solar farm in the Town of Seabrook continues” said Frank Dekker EVP of PS Renewables. “This is the first solar farm in the Town boundaries and everyone is quite excited to see it move a step closer. It is great to see local and state wide policies come together to support investment in solar energy, especially in an identified Economic Opportunity zone.”
The PILOT agreement given both the Town and the project certainty of the commercial tax rates for the next 20 years.