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Seneca County IDA says solar projects will have significant benefit

  • / Updated:
  • Staff Report 

Two Lodi solar initiatives, under review by the Seneca County Industrial Development Agency (IDA), demonstrate a robust cost-benefit ratio of approximately 12-to-1, according to recently released reports.

The assessments form part of the application process for financial aid from the solar project sponsors, which will be discussed at a public hearing scheduled for 6 p.m., June 6 at the Lodi Fire Hall on Route 414.


Both solar projects, named Lodi PV Solar and Lodi II PV Solar, will occupy 30 acres each and have a capacity of 5 megawatts.

Notably, the Lodi PV Solar project is set to receive a significant property tax break amounting to $265,999 over 15 years, courtesy of a payment-in-lieu-of-taxes (PILOT) agreement. Alongside sales tax exemptions on equipment and supplies, and mortgage recording tax relief, the project will realize substantial savings.

The total cost of the financial aid package for this project is $787,644, while projected benefits, including capital costs, a part-time job, and PILOT payments, amount to $9.4 million. The Lodi II PV Solar project mirrors similar benefits with total costs estimated at $803,934 and projected benefits at $9.4 million.