LightSource bp presenting information about taxation on renewable energy sources such as solar

Lightsource bp met virtually with commissioners presenting information that will help them have a better understanding of the possible taxation options of the project. As alternative energy and being solar they are heavy on equipment and light on fuel, so a preferential tax treatment was created by the state known as “PILOT” – payment in lieu of taxes. It is based on the capacity, or megawatts of the project, not the value. Commissioners want to have a good understanding of the numbers so if or when a “PILOT” may be asked for they can make an informed decision.