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Consultant says rooftop solar could pay back in 7–9 years; board warned of July 4 incentive timing
Summary
A consultant presented a high‑level analysis for an ~875 kW rooftop solar system with estimated installed cost about $3.2M; federal ITC and Illinois SRECs could return roughly $1.6M (ITC) plus $735K–$1.2M (SRECs) depending on program choice, producing a payback in 7–9 years and annual savings of about $150K–$160K; the board was told to act before July 4 to preserve key incentive timing.
A solar consultant presented a district‑level feasibility and financial overview for rooftop solar and described timing constraints tied to federal and state incentives.
Doug McMahon, owner of Allied, told the board an approximately 875‑kilowatt rooftop system was feasible on existing roofs and that the installed cost used for the analysis was roughly $3.2 million (a preliminary figure that could decline after competitive procurement). He described two key incentive streams: the federal Investment Tax Credit (ITC) and Illinois SRECs (Illinois…
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