What are the local benefits of hosting a solar project?
At an estimated average installed capacity cost of $1.00/watt (AC), 3.7 GW of solar development projects with pending Ohio Power Siting Board (OPSB) applications represents $3,726,900,000 in capital investment for the State of Ohio.* A study by Ohio University’s Voinovich School of Leadership and Public Affairs estimates in its “moderate” case of 5 GW of Ohio solar indicates the creation of 36,000 construction jobs, over $10 billion in Total Economic Impacts, and nearly $2 billion in tax revenues for local jurisdictions.**
Communities that host solar generation capacity required for Ohio’s renewable targets will participate directly in the economic benefits of this investment including:
Direct funding of county services and schools subject to a County PILOT.***
Direct recruitment and contracting with Ohio-based labor and trades.
Apprenticeship for Ohio colleges and universities, and a clean energy case study for local schools.
Specialized training for fire and emergency services.
Regulations and a competitive market for wholesale power supply agreements to stabilize ratepayer energy costs.
Landmark project for maintaining and attracting industry and businesses with renewable energy supply targets.
Contribution to the evolution and growth of Ohio’s rich energy legacy.
*Installed costs referenced on Slide 19.
**More information on the Ohio University study.
***Ohio’s legislation for renewable energy PILOT’s include mandatory allocations of project tax revenue as well as local content and educational requirements for projects.
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