FINANCIAL_SERVICESAPPROVED

Plainfield Select Board Meeting Agenda May 6 2026

Plainfield Approves 20-Year Solar PILOT Agreement

$6,000 x MW nameplate capacity AC per year (PILOT payment formula)Town of PlainfieldKEARSARGE SOLAR LLCMay 6, 2026

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Description

The Town of Plainfield approved a 20-year Payment in Lieu of Taxes (PILOT) agreement with Kearsarge Solar LLC for a new solar generating facility, setting annual tax payments at $6,000 per megawatt of nameplate capacity AC. The agreement, executed under NHRSA 72 and 76, provides predictable long-term revenues and includes operating-capacity-based adjustments.

Contract Details

Contract Amount

$6,000 x MW nameplate capacity AC per year (PILOT payment formula)

Vendor

KEARSARGE SOLAR LLC

Agency

Town of Plainfield, NH

Contract Type

FINANCIAL_SERVICES

Document Date

May 6, 2026

Contract Term

20-year Term beginning on commercial operation date of the Facility

Renewal Info

Initial 20-year term beginning on the Facility’s commercial operation date, with an option to extend for an additional ten (10) years by mutual agreement under Section X. Annual payments adjust if operating capacity changes or the facility is decommissioned; agreement may be terminated upon written notice if operations cease or due to force majeure or regulatory changes.