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Penncrest board presses developers for clearer solar financials; decision tabled until October
Summary
Board members and outside engineers pressed for clearer assumptions and maintenance costs on a proposed ~ $800,000 solar array for Penncrest School District. The board tabled a vote and will revisit the proposal in October to meet grant and construction timelines.
Penncrest School District trustees heard a detailed presentation and critical questions about a proposed large-scale solar project and agreed to table a final vote until the October meeting.
Board members and outside reviewers said the developer’s financial model left key variables under-specified — notably avoided-cost assumptions, production variability, long-term maintenance and how interconnection would affect payments. Richard Boot, the district’s facilities director, introduced representatives from Northwestern REC who presented the project’s estimates and technical summary.
The district’s outside reviewer, identified in the presentation as Ryan from the cooperative, said several assumptions in the proposal warranted further investigation and that, based on his review, “the best I could come up with… it's really close.” He warned the presentation appeared to be a sales-oriented summary and flagged that some line items, such as depreciation and the assumed Renewable Energy…
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