Local Electricity Discount (LED)
We have increased the funding of the Local Electricity Discount (LED) program by 20%, up to $60,000 annually. Through this program, residents living within 1.5 km of a turbine can apply to receive an annual abatement towards their electricity costs. In order to ensure an increased benefit goes to those closest to turbines, we have proposed a plan whereby residents within 800 m of a turbine are eligible for a double-credit. You can view the proposed eligibility zones on this map. The LED program would represent a contribution of $1.2M to local residents over the next 20 years.
Community Benefits Fund
In addition to the LED program, we propose to set aside another $30k annually into a ‘Community Benefits Fund’ earmarked for local initiatives. This will total approximately $600k of funding over 20 years and will all be directly invested within the community. The fund would be managed by a committee and would be conditional to some representation by the community of St-Bernardin. This funding, like the LED, would be outside and above the payment of project taxes to the municipality. A condition of the fund would be that the money be spent in the St-Bernardin community.
Support of Special Projects
We are intent on supporting local ‘special projects’ within the community in the near term, prior to the project becoming operational. Currently, we have an open offer to help fund renovations at the community centre and to support fundraising efforts for local recreational upgrades in the area. Details of these initiatives are still being reviewed and will become clearer in the coming year. Look for more announcements by mail or at our future open houses.
Have an idea for a special project? Please contact us here.
The project will be assessed by the Municipal Property Assessment Corporation (MPAC) and will pay substantial taxes to the Nation and Champlain Municipalities, without any hidden costs for the project. The exact amount will be determined by assessment from MPAC, but it is estimated to be around $130,000 to $140,000 annually, representing up to $2.8M of tax revenue split proportionally among the municipalities over the 20 year life of the project.
RES is looking at offering a scholarship of $2,000 per year to a student from the region wishing to study in a field related to renewable energy or sustainability. This scholarship would be managed by a local committee with representation from the community, the municipality and the project.
The project will require both short and long term employment. Short term jobs include pre-construction field work as well as construction labour, materials and equipment. Long term jobs include site maintenance, project technicians and site management. Furthermore, there will likely be an associated increase in local support business as employees and tourists coming to see the project will spend locally.