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Committee backs forwarding LED retrofits, hears that new solar canopy leases route revenue to city
Summary
The Finance & Operations Committee reviewed LED retrofit on-bill financing and a proposal to lease school parking canopies for solar, which would direct lease payments to the city rather than producing direct energy-bill savings for schools. The committee asked staff to clarify memo language and financial estimates before full-board review.
The Finance & Operations Committee reviewed two energy initiatives that staff said will reduce long-term operating costs but are structured differently.
On LED retrofits (agreement 5.1), district and city staff described an on-bill financing model with United Illuminating under which the utility integrates a loan repayment into the school district’s electricity bill. Hannah Zochu Reyes, city sustainability policy analyst and engagement coordinator, said the loan would be repaid through the electricity bill and “after the projects are paid off ... all the benefits of the energy savings would stay with the school.” She added staff expects…
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