Committee keeps solar array design in CIP but flags tax‑credit uncertainty before larger borrowing
Aug 4, 2025
Committee retained $150,000 for solar array engineering in its recommended 2026 CIP but discussed that the project’s economics rely on federal tax credits; larger general-obligation borrowing for construction would follow in a later year if incentives remain available.
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The committee left $150,000 for solar-array engineering in the recommended CIP but emphasized that the project’s financial case is tied to federal tax credits. Committee members said they expect to know more about federal incentives by the end of the federal fiscal year and noted the city would defer major construction borrowing until later (the committee referenced an anticipated general-obligation borrowing of nearly $2 million in a subsequent year to build the array). Joaquin (utility staff) said the utility did not intend to fund the project from rates.
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