Town updates net‑metering agreement with Lucy Renewables; 25% savings noted, addresses to be corrected

Town staff provided an update Monday on the town’s existing net‑metering credit purchase arrangement with Lucy Renewables, saying the town is roughly a decade into a 20‑year purchase agreement that was approved at town meeting. The town administrator said the purchased net‑metering credits include a built‑in 25% savings relative to retail rates and that the agreement is capped at a portion of the project’s generation; staff described that cap as roughly 4% of the project’s generation.Staff said the Lucy Renewables project is fully subscribed and therefore cannot provide additional credits; the town’s current agreement is tied to specific meter addresses and staff will work with the developer to ensure the credits are applied to the correct buildings (the town indicated it would prefer credits go to the Thornton Burgess Building rather than another facility listed in existing paperwork). The town administrator said these details will be addressed with Lucy Renewables so municipal accounts receive the energy-cost savings intended by the agreement.