Solar Energy Plant to Locate in Simsboro

If other Lincoln Parish taxing authorities follow the Lincoln Parish Police Jury’s action, a 50-acre array of electricity generating solar panels will be constructed near Simsboro, at the intersection of LA Hwy 150 and LA Hwy 563.

Joule Energy, LLC, a New Orleans based designer of solar and LED lighting systems, plans to install over 18 thousand individual panel modules that would generate about 4.5 megawatts of power. That power would be sold to local utilities.

At last night’s meeting, Joule was seeking an industrial tax exemption that would exempt the company from 80% of local property taxes.

Robert Schmidt, Joule’s President, said that without the exemption, the facility couldn’t be built. He noted that even with the exemption, the company would pay about $14 thousand annually in property tax.

The acreage is now pastureland, which only pays about $200 to $500 annually.

“It would be a significant increase in the revenue – tax receipts,” Schmidt said.

The jury unanimously approved the exemption.

Schmidt said he would be asking other Lincoln Parish tax authorities for the same exemption.

Prior to the jury meeting, the Personnel/Benefits Committee was set to meet, but was unable to muster a quorum.

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