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Follow on Google News | Florida Schools Gain Solar Power, Get CashRoof-mounted solar power will be installed at zero cost to the school district, and the district will receive annual payments of $72,500 for 20 years.
By: Susan DeFreitas Under the terms of this program, 725 kilowats of roof-mounted solar power will be installed at zero cost to the school district, and the district will receive annual payments of $72,500 for 20 years. This money will be used (appropriately enough) to implement a K-12 renewable energy curriculum and fund further energy improvement at the schools. According to Solar Impact, the installer behind this project, this payment is more than double what was being offered to Gainesville businesses on similar terms. In order to create a win-win-win situation for all parties involved, Solar Impact shifted the normal terms of this roof-rental agreement, giving investors the opportunity to help public schools, improve the environment and create local jobs - all while receiving a monthly payment equal to a 10-12 percent annual return for 20 years. (This cash comes courtesy of GRU, which will purchase the electricity at $0.29/kilowatt- Barry Jacobson, president of Gainesville- http://www.solarimpact.com End
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