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Deerfield board directs staff to prepare LOI for wastewater-plant solar with performance-guarantee model
Summary
After reviewing bids, the board accepted staff’s recommendation to pursue a performance-contracting solar installation at the wastewater treatment plant and directed the village attorney to prepare a letter of intent with Verigee. Staff projects an 11-year payback and cumulative 20-year savings of about $1.8 million before incentives.
The Village of Deerfield Board of Trustees voted to direct the village attorney to draft a letter of intent with Verigee to pursue a performance-contracting, ground-mounted solar installation at the village wastewater treatment plant.
Staff presented analysis of more than a dozen proposals and three delivery models — performance contracting (turnkey with production guarantees), general contracting (village ownership), and power purchase agreement (lease). Andrew, the Community Development/operations presenter, recommended the performance-contracting model because it shifts…
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