The Buckeye Lake Beacon reported this today. Here is a link to the story:
http://www.buckeyelakebeacon.net/news/2 ... tion_.html
I have pulled a few points from the article. Interesting stuff.
Buckeye Lake Beacon wrote:Gault [Lakewood Superintendent] said he believes solar cells could save 80 percent on electricity costs for the Lakewood high, intermediate, and middle schools. He said SBO Limbach’s work would be financed through the Ohio School Facilities Commission Energy Conservation Program House Bill 264. The Energy Conservation Program allows school districts to make energy efficiency improvements to their buildings and use the cost savings to pay for those improvements. “The savings you get has to be more than the payment for the loan,” said Gault.
Buckeye Lake Beacon wrote:Frequently called the House Bill 264 Program (after the 1985 law that created this financing mechanism), the Energy Conservation Program gives districts the ability, in this one limited instance, to borrow funds without having to pass a ballot issue for the authority to borrow. This limited borrowing authority has given districts the ability to save millions in utility bills and operating costs, and all at no additional taxpayer expense. “The district doesn’t take on any debt,” said Gault. He said there are many energy efficiency upgrades the district needs, such as replacing the middle school’s single pane windows.
Buckeye Lake Beacon wrote:Eric Zimmer, founder and CEO of the Dublin, based Tipping Point Renewable Energy, told board members previously that the district would have no up front or maintenance costs and could save $650,000 over the next 20 years if the company installs a solar power system on campus. “We get paid by producing power,” he said previously. “If we don’t produce power, we don’t get paid,” Zimmer said a 1.2-megawatt system could produce 85 to 90 percent of the power that all the district buildings – except the administration building and Hebron Elementary School – require. AEP would supply the remaining 10 to 15 percent.
Is this something that could be used for our Lakewood City Schools?
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