Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Energy topic
No spam. Unsubscribe anytime.
Honeywell presents $2.3M solar proposal, projects roughly $160,000 in annual savings
Summary
Honeywell presented a solar panel project under the Illinois ESPC process with an estimated cost of about $2.3 million, a district net cost after incentives of $1.346 million and projected annual savings of roughly $160,000; Honeywell recommended an investment‑grade audit and noted a July 4 safe‑harbor timing consideration for federal incentives.
Honeywell representatives John Roco and Josh briefed the committee on a proposed solar panel installation using the Illinois Energy Savings Performance Contracting (ESPC) process. Honeywell reported an "overall project price of approximately $2.3 million" and an estimated district cost of "$1.346 million after incentives," with projected annual savings of "roughly $160,000" once the full roof scope is complete. Representatives said Honeywell would guarantee energy savings for up to 20 years and be responsible for shortfalls if guaranteed savings are not achieved.
The presentation addressed project timing and incentives: Honeywell noted that beginning construction by July 4 could preserve safe‑harbor status for federal incentives if the district phases roof sections. The firm expects panels to last roughly 25–30 years, indicated warranty coordination would be handled with the roofing provider, and said a full structural analysis would be completed to confirm roof load capacity before proceeding. Administration said the next step would be an investment‑grade audit to confirm pricing and guaranteed savings and noted a break‑fee structure that would be credited to the project cost if the district chooses to move forward.
