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Board reviews $6–7.7M ESIP solar plan that would cut energy bills under a 3.6¢ PPA
Summary
Consultants told the Metuchen Board an ESIP combining roof work, lighting upgrades and a 1.5 MW solar PPA could be financed without a tax referendum; the preferred scenario (about $7.7M) estimates over $11M in lifetime energy savings and a 3.6¢/kWh power‑purchase rate, with project approvals and a 12–18 month construction timeline.
The Metuchen Board of Education on March 10 heard an energy‑savings investment presentation outlining a districtwide ESIP that would combine lighting retrofits, roof restorations, rooftop‑unit replacements and solar under a financing model that does not require a voter referendum.
Greg Burns of DCO, the consultant, said the investment‑grade audit outlined two scenarios: "Scenario 1 is about a $7,700,000 project that'll generate over $11,000,000 worth of energy savings over the project term," he said, adding a conservative estimate of roughly $240,000 in rebates and incentives. Burns said the district would be asked to approve a solar power‑purchase agreement at an anticipated 3.6¢ per kilowatt‑hour;…
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