Vermont school purposes bond issue to pay for Solar -
Last edited Fri Aug 15, 2014, 01:35 PM - Edit history (1)
This is what every school district in the country should be doing. Solar in most areas and wind where there is enough to justify the investment.
Thetford — In addition to the recycling and composting programs Thetford Elementary School already has established, school officials plan to add solar power to its sustainability portfolio this year, should residents give a proposed photovoltaic array the thumbs up.
Voters will head to the polls Aug. 26 to determine whether to issue a 20-year bond of $345,000 at 3.5 percent interest to pay for solar panels that would provide about 75 percent of the elementary school’s electricity.
“I’m hoping people don’t hear the word ‘bond’ and think, ‘Oh, taxes are going to increase,’ ” said School Board member Erin Sterner. “We’re not borrowing for a roof or something that doesn’t pay back.”
The cost of repaying the bond would be covered through anticipated savings in the school’s electricity costs — anticipated to be $900,000 over the next 25 years, said Sterner. After paying back the bond and costs associated with installing and maintaining the panels, Sterner said, the school would save an additional $350,000 over the next 25 years.
School is in Vermont - thanks for the correction.
[link:http://www.vnews.com/news/townbytown/thetford/13130451-95/thetford-school-seeks-solar-panel-funding|
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