A Positive Impact
for Colbert County, Alabama
Spring Valley Solar will pay approximately $29.6M in property tax revenue and $3.9M in sales tax revenue to Colbert County over its lifetime. These dollars could be used for county improvements such expansion of broadband internet, investment in area schools and other community services–all while providing clean, locally sourced solar energy to Alabama.
Estimated Tax Revenues*
- Approximately $29.6M in property tax revenue and $3.9M in sales tax revenue from Spring Valley Solar*.
*Estimated tax revenues are based on a 35-year project life.
Long-Term Economic Lift
Spring Valley Solar will generate power for up to 35 years, providing long-term benefits for the surrounding region.
- Annual Tax payments to Colbert County for the lifetime of the project.
- Increase in real property tax revenue due to higher assessed land value.
- Increased business personal property tax revenue assessed on the equipment.
- No county infrastructure or public services required for solar development.
- Before construction, we are committed to hiring locally, when possible, and ensuring area businesses have the opportunity to bid on subcontracts.
- During construction, hundreds of workers will be onsite boosting area businesses and service providers.
- After 35 years, land can be returned to agricultural use, helping mitigate permanent conversion of cropland into other uses.
Environmental Impact
- Spring Valley Solar was planned through the extensive National Environmental Policy Act (NEPA) review process to ensure adverse impacts of the project are identified and mitigated.
- To learn more about the NEPA and Environmental Impact Statement (EIS) process Spring Valley Solar went through, click here.
- Use is long term, but temporary, and land can be reclaimed for farming, timberland, etc. after the lifetime of the project.
- Best practices for stormwater management will be incorporated.
- Minimal disturbances to wetlands, streams, and other environmentally sensitive areas within the project site.
- Annually powers over 31,000 homes while offsetting 250,000 metric tons of CO2.*
*Source: Emissions reductions based on EIA state level data for fossil fuel generation replacement. Project emissions are included for entire life cycle based on NREL Harmonization studies as well as foregone forest sequestration per EPA equivalency analysis.