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NYMEC representative presents community solar offer that could save Oswego about $40,000 a year
Summary
Adam Hoover of NYMEC told the Oswego Committee of the Whole that a state-backed community solar aggregation program could yield a fixed 10% credit off published ComEd rates and would likely save the village roughly $40,000 annually; participation would likely require a ~20-year contract and may include a roughly $40,000 early-termination fee.
Adam Hoover, a representative of NYMEC, told the Village of Oswego Committee of the Whole that a state-backed community solar aggregation program could provide the village about 10% off published ComEd supply and delivery charges and save the municipal accounts roughly $40,000 a year based on current rates. Hoover described the program as a state-credit arrangement in which the state receives renewable-energy credits while participating entities receive a fixed financial credit on bills.
Hoover said the village currently has about 20 municipal accounts under a fixed supply contract at roughly 6.27¢ per kilowatt-hour with NRG. He contrasted that with the published ComEd rate (about 9.6¢ at the time of the presentation) and estimated the…
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