ANDERSON - The Indiana Municipal Power Agency has cut the ribbon on its largest solar facility in Indiana. The five-megawatt Anderson 1 Solar Park consists of nearly 20,000 solar panels and has the ability to power more than 500 homes.

IMPA officials cut the ribbon on the 35-acre solar park alongside Anderson Mayor Tom Broderick and other city representatives, Anderson Municipal Light and Power Electric Utility Director Tony Pochard and children from local schools. 

"We are thrilled to be part of this innovative effort," said Broderick. "Through the development of this solar park, we have not only increased diversity in generation resources, but have bolstered economic development for our City, brought in additional property taxes for our community, and provided an educational opportunity for residents and visitors alike to learn more about renewable energy."

The IMPA says it sold the park earlier this year to Indiana Solar Holding LLC, which the utility says led to a 15 percent reduction in total costs and will generate higher property taxes paid to the city. The IMPA will purchase 100 percent of the park's output for up to 25 years and will have the option to purchase the park back in five and a half years.

The solar park is the IMPA's thirteenth facility in Indiana. A second solar park in Anderson is currently under construction and the IMPA says it will be able to produce more than eight megawatts of energy when it comes online, which is expected to happen later this year.