So the $44K a year PUSD is saying the district will save by having solar panels at various schools will not be something the district saves for over 2 years because the district has burdened us with a $100K bill because one of their highly paid administrators didn't do his job (and wonder if he's one of the people who's getting to keep his job?)
So much for the "transparency" the school board keeps claiming it wants to provide the community. What's transparent about witholding the entire truth?
From PUSD Website, Budget FAQs
Did the installation of solar panels cost the District money?
No. The panels were installed at no cost to the District. PUSD signed a Power Purchase Agreement (PPA) with Honeywell which enabled Honeywell to install panels on our roofs and enabled the District to buy power at a fixed, lower price. Our current cost for power is 11.5 cents per kwh, and the agreement includes a 4.5% increase annually for inflation. The going rate when we signed the agreement was 15 cents and has now gone to 16. The estimate for first year savings was $35,000, which will probably turn out to be $44,000 in savings this year.
Honeywell is also responsible for maintaining the panels. At the end of the agreement (20 years), the District has the option to continue the agreement, purchase the panels at a depreciated price, or have Honeywell remove them at their cost. In summary, the project has enabled the District to realize a savings to the General Fund
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