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Tenafly To Install Solar Panels
In an effort to be more environmentally conscious and save energy costs Tenafly has started discussions back in September 2012 on installing these panels. Aemrican Clean Energy ( ACE) has been awarded the installation project through a power purchase agreement for 15 years.
The agreement allows ACE to charge a rate of $0.89 per kilowatt hour of electricity at an annual escalation rate of 2.49 percent. The borough will see a projected saving of 740 kilowatt.
The district will save money by signing into a power purchase agreement in which providers will receive Solar Renewable Energy Credits (SREC) and will pay a portion of the bill using those credits
The installation is expected to be completed by August and will take place when students are out of the buildings.
Read the full story on The Suburbanite