Laserfiche WebLink
309 the City to sign up for Community Solar Garden shares at 120 percent of that <br />310 average annual consumption. The City has about 3,400,000 kWh annually. <br />311 <br />312 Member Seigler inquired what size solar installation would be required for <br />313 3,400,000 kWh. <br />314 <br />315 Mr. Weir responded it would be about a 2.5 megawatt system. The benefit is in the <br />316 savings to the City, not the size of the solar garden. <br />317 <br />318 Mr. Culver clarified they would only be able to put about 700 kWh on the rooftop, <br />319 but they could subscribe to any other community solar garden system in the <br />320 surrounding area up to 3.4 megawatts. <br />321 <br />322 Member Seigler stated if they had 100 percent of their electricity that was allocated <br />323 towards solar, the savings would be $17,000 the first year. <br />324 N <br />325 Mr. Weir confirmed this and noted the credits no longer fluctuate with Xcel and <br />326 will increase at 2.3 percent each year. The PPA rate is what is paid back to the <br />327 developer. IPS offers to escalate at two percent each year and the savings grow <br />328 slowly over time. <br />329 <br />330 Member Seigler inquired if they would ever own anything and what would happen <br />331 if a storm wiped out the system. <br />332 <br />333 Mr. Weir noted the City would not own any of it and there is no risk to the City. It <br />334 is not on their property and they are just a subscriber to a community solar garden. <br />335 They are trying to get a developer to offer the City a PPA for using the City's <br />336 rooftop. It could be a win-win situation. <br />337 <br />338 He highlighted the rooftop option with the added lease payment benefit to the City. <br />339 The roof lease payments begin at $10,000 annually and go up slowly over time. <br />340 The City needs to evaluate the risk and parameters and determine if the added value <br />341 is worth the risk of having the panels on the roof. <br />342 <br />343 Mr. Culver stated they will continue to look at the cost -risk to it. They would be <br />344 getting an annual lease payment and the major roof maintenance would come one <br />345 time during the 25 years. If it costs $6,000 to manage the solar panels during the <br />346 roof maintenance, this will affect their savings. There is risk, and the risk of losing <br />347 money goes down the further into it they get. <br />348 <br />349 Member Seigler commented they could buy into the community solar garden and <br />350 put solar panels on the roof after that. <br />351 <br />352 Chair Cihacek noted they would already have their energy needs met with the 120 <br />353 percent solar. The lowest risk option would be to lease the space and then put a <br />354 system up. <br />Page 8 of 16 <br />