KETCHUM, Idaho (KTVB) - An alternative energy company has applied for a 50-year state lease to build a $2 million, 50-acre solar project in central Idaho.

Ketchum-based Sagebrush Solar wants to install about 3,600 solar panels on six acres in Ohio Gulch north of Hailey.

The company says the project would produce about 1.1 megawatts of electricity, enough to power about 160 homes.

Sagebrush Solar owner Billy Mann tells the Idaho Mountain Express in a story on Friday that the company has completed 60 smaller solar projects in the Wood River Valley.

Mann says the decreasing cost of solar energy has created financial incentives for entrepreneurs.

Idaho Department of Lands spokeswoman Emily Callihan says the agency is examining the idea but there is no specific date to finalize the lease.

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