Solar news out of Springfield Vermont, where the school district will be saving a pretty penny going solar. The savings will kick in later this year when an attached solar grid is powered up, offering lower priced electricity to school districts and supervisory unions that joined a consortium last year.
However, Sun Edison, one of the companies who took the helm to build and manage the solar sites, have not yet submitted their plan to the Public Service Board.
School officials have instead signed on with a different provider, Nexamp Capital LLC, which would provide around 40% of the Springfield School District’s electricity from a solar field that is already approved and under construction.
Director of Fiscal Services, Steve Hier, said that the school district will save around 36% off of its electrical costs from Green Mountain Power. Generally, solar contracts require a 20-year commitment.