PILOT Agreement With Cardinal Solar Set for Hearing
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Description
The Town is preparing to consider a PILOT agreement with Cardinal Solar under which the developer would pay $3,500 per megawatt annually for the life of the project. A public hearing is scheduled for May 4, 2026 following legal review of the draft agreement.
Contract Details
Vendor
CARDINAL SOLAR
Agency
Town of Farmington, NH
Contract Type
FINANCIAL_SERVICES
Document Date
April 27, 2026
Contract Term
Length of solar project (PILOT term to match project life)
Renewal Info
PILOT structure selected at a flat $3,500 per MW for the full project term rather than a lower starting rate with annual escalator; formal approval and recorded term pending public hearing and board vote.
More from CARDINAL SOLAR
More from Town of Farmington
Town of Farmington Board of Selectmen Meeting Minutes 2026-05-04
Town of Farmington Board of Selectmen Meeting Minutes 2026-05-04
Town of Farmington Board of Selectmen Meeting Minutes 2026-05-04
Town of Farmington Board of Selectmen Meeting Minutes 04-27-2026
Town of Farmington Board of Selectmen Meeting Minutes 04-27-2026
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