Laserfiche WebLink
for approval. The intent would be to provide a system with little or no upfront cost to the City <br />and the best overall energy savings solution possible. This system could also potentially be <br />considered for a Community Solar Garden application. Staff continues to collect information on <br />this option and the feasibility of offering this immediately or waiting until the system is entirely <br />paid off first. <br />Policy Objective <br />The City Council goals and strategic directives include sustainability as a priority. Renewable <br />power fits these goals and is also supported in the IR 2025 document. <br />Financial Impacts <br />With the recommended proposal, the City will have no upfront costs and the energy savings <br />realized annually along with the Made in Minnesota rebate payments and the tax credit equity <br />participation will pay for the annualized installation cost of the system. It is estimated that by <br />year 10 the system will be fully owned by the City and we will realize the full benefit of the <br />power generated by the 40kW systems) on the City Hall and/or Fire Station building(s). Thi" <br />will reduce long term electric costs for the city. <br />Staff Recommendations <br />Staff recommends approving Staff to enter into a letter of intent with TruNorth Solar to apply for <br />two 40kW PV Solar installation through the Made in Minnesota Solar Incentive Program and to <br />continue to explore a larger solar installation for the Skating Center roof. <br />Requested Council Action <br />Motion directing staff to enter into a letter of intent with TruNorth Solar to apply for two 40kW <br />PV Solar installation through the Made in Minnesota Solar Incentive Program and to continue to <br />explore a larger solar installation for the Skating Center roof. <br />Recommended Action: <br />Discuss progress with the project. <br />Attachments: <br />A: none <br />