Tenn. school district funding education with solar power
- Campbell County, Tenn., installed 50-kilowatt solar systems from Efficient Energy of Tennessee on the roofs of all 12 schools in the district.
- A 15-year bond was approved to pay for the system, and the Tennessee Valley Authority signed a 20-year contract to purchase the electricity generated, creating more revenue for the county.
- The first 15 years are expected to generate an average annual surplus of $1,000-$1,200 per installation, with that amount climbing to $13,000-$15,000 once the 15-year bond is retired.
From the article:
... Efficient Energy of Tennessee installed the solar panels onto the Campbell County schools. Robbie Thomas, president of the company, said the best part about the schools using solar energy is taxpayers do not have to pay for it.
"The county was able to issue a bond to put the systems in and the revenue generated from the systems is enough to pay for the bond, to pay for annual maintenance that's required on the systems, and then leave some money left over for each school and at the end of the bond once it matures they will really have a good revenue stream for the schools," Thomas said. ...
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