The total cost for the Butte County Solar
Energy System was $8.4 million. The County
was able to purchase this system at no net cost
based on:
- $4.2
million PG&E rebate
-
$3.2 million loan from the California Energy
Commission (CEC) that is repaid from savings
on energy costs
- $1.0
million loan from the Butte County Investment
Pool that is also repaid from savings on energy
costs
The
$316,000 per year energy savings equals the County's
approximate annual debt payment for this project.
As energy prices increase,the amount of the
debt repayment will increase. It is expected that
the loans will be repaid in 13 years. From
the 13th year through the expected life of the system
(40 years) the County expects to achieve savings
of $316,000 per year, or savings of $8.5 million
over the life of the system. |
