Solar project in jeopardy after Madison County officials reject tax break
ANDERSON, Ind. (WISH) — Officials in Madison County county have rejected a tax abatement for a proposed solar farm and put the $110 million project in jeopardy.
The Madison County Council voted 4-3 this week to deny the Lone Oak Solar Energy Center’s request for a traditional 10-year tax abatement.
The proposed solar farm would generate 120 megawatts of electricity.
Officials with developer Invenergy said that not obtaining the tax abatement could make the project financially impossible.