OWOSSO, Mich. - The Shiawassee Regional Chamber of Commerce recently updated their website to include a series of questions and answers from Apex Clean Energy about the Maple Rapids Wind project.
The document, which can be found by clicking on the banner ad near the top of the chamber homepage, is in response to questions received during the December 7th community meeting at the D’Mar Banquet and Conference Center.
Also included is a breakdown of the estimated tax revenues the project will generate for Shiawassee County over the course of its proposed 25-30 year lifespan.
In accordance with Michigan law, the $300 million capital investment in Maple Rapids Wind will result in annual millage rate payments based on the cash value of the turbines to multiple recipients including the county, participating townships – Fairfield, Middlebury, Rush and Owosso – Ovid-Elsie and Owosso School Districts, and taxing authorities within these jurisdictions. In other words, each turbine will provide a direct annual tax value to numerous entities within the county over the life of the project.
The specific amount of taxes collected will depend on the cash value of the actual turbines used in the project. The following graph is generated using an estimated $1.8 million cash value turbine.
In total, Maple Rapids Wind is expected to generate more than $12 million in tax revenue for the community over the next 25 to 30 years. The project will also produce roughly $26 million in direct payments to landowners and project participants. These payments will serve as a drought-resistant source of income that will enable farmers to keep land in the family and invest in the local community.
At the end of the project life, the turbines will be faced with one of two options, “repowering” which means refurbishing the turbines with modern technology and continuing their use, or “decommissioning,” in which case they will be taken down.
At the time when the turbines are decommissioned, they will be completely removed from their locations and the farmland will be restored to its original use. The decommissioning process will be paid for by the project owner and will not require out-of-pocket expenses from landowners, state or local government.