Solar revenue sharing ordinance approved
Published 6:00 am Wednesday, October 20, 2021
Buckingham is the latest county to approve a revenue sharing ordinance for solar farms following increased interest in solar projects in rural Virginia.
New legislation now authorizes localities to adopt ordinances which assess a revenue share of up to $1,400 per Megawatt (MW) as measured in alternating current (AC) generation capacity of the solar energy project.
Through the ordinance, the $1,400 per MW rate will be increased by 10% on July 1, 2026 and every five years thereafter.
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The ordinance will not apply to any solar photovoltaic project or storage energy system which was filed with and approved by the county prior to Jan. 1 of 2021.
During the Tuesday, Oct. 12, Board of Supervisors meeting, a motion was made by District 4 Supervisor and Board Vice Chair Thomas Jordan Miles III to approve of the ordinance. The motion was seconded by District 7 Supervisor Danny Allen and passed unanimously with the exception of District 2 Supervisor Donnie Bryan who was not present at the meeting and therefore did not vote.