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Guthrie board approves 20-year agreement with Brightwell Solar for three-school installations
Summary
Guthrie Public Schools on Oct. 13 approved a 20-year solar energy management agreement with Brightwell Solar to install arrays at Guthrie High School, Guthrie Upper Elementary and Cotterell, with a board vote of 7-0. The contract includes a buyout option starting in year seven and a safe-harbor timeline to secure current federal tax incentives.
The Guthrie Public Schools Board of Education voted unanimously Oct. 13 to approve a 20-year energy management agreement with Brightwell Solar covering Guthrie High School, Guthrie Upper Elementary and Cotterell. The roll call was 7-0 in favor.
Brightwell vice president of design Corey Bates told the board the contract term is 20 years and “starting at year 7, the district would have the right to buy out the system.” Bates said the buyout provision exists so the investor’s tax incentives are preserved by holding the project at least six years before a purchase can be completed.
The board and Brightwell discussed several implementation and timeline issues. Bates said the project team expects to match the district with an investor within 30 to…
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