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Monroe Township council approves nearly $15 million in bonds to fund energy-savings project after debate over costs and savings
Summary
Monroe Township approved two bond ordinances totaling roughly $15 million to finance solar, lighting and building-envelope upgrades the township says will generate about $20 million in savings over 20 years; residents pressed officials for annual debt-cost details and contingency plans if federal incentives fall through.
Monroe Township’s council on Nov. 5 adopted two bond ordinances to finance an energy-savings improvement program that officials say will install sizable solar arrays, upgrade building envelopes and make other energy-related improvements across township facilities.
The council passed an energy-savings obligation refunding bond (O92025-022) authorizing up to $11,500,000 and a companion general-obligation bond (O92025-023) appropriating $4,600,000. Council members Charles DePiro, Michael Markell, Rupa Siegel and Council President Miriam Cohen voted yes on both measures.
Township officials and staff said the two pieces of financing together will fund the project, which the administration described as a design-build package encompassing rooftop and carport solar installations, some building envelope and heating…
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