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Tax abatements approved for Boulder City solar project

President Barack Obama speaks after touring Sempra's Copper Mountain Solar 1 facility, Wednesday, March 21, 2012, in Boulder City, Nev. The president is defending his energy agenda this week, traveling Wednesday  not only to the solar panel plant in Nevada, but also later to oil and gas fields in New Mexico and the site of a future oil pipeline in Oklahoma.  (Julie Jacobson/AP Photo)
Barack Obama (Julie Jacobson/AP Photo)
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Updated: 2/01/2014 11:10 am
CARSON CITY, Nev. (AP) - The Governor's Office of Energy has approved $66 million in tax incentives for a solar energy project in southern Nevada.

Sempra U.S. Gas & Power's Copper Mountain Solar 3 in Boulder City is expected to create 300 construction jobs and employ 10 full-time workers afterward.

The tax abatements include $46 million in property taxes over 20 years and $20 million in sales and use taxes over three years.

But state officials say Nevada will benefit from $732 million in capital investment and other taxes paid by the company over that time frame.

Once completed, the 250 megawatt facility will be capable of powering 80,000 homes.

The power will be sold to the Los Angeles Department of Water and Power and the city of Burbank under a 20-year contract.

(Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)


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