|
Town of Denmark Approves Installation of Solar Array
to Meet Town’s Municipal Electricity Needs
Published: December 27, 2023
at 08:00 a.m.
By: Press Release from Town of Denmark
Town of Denmark Approves Solar Array
 At its December
18th Board Meeting, the Town of Denmark accepted a proposal from
Fourth Coast Inc, Clayton NY to install a 78.9 KW Roof Mounted Solar Array
to meet 100% of the Town's projected electrical needs through 2049. In 2022 the town saw an increase in electricity
cost of 48.2% on 5000 less kilowatt hours of usage, in 2023 the town is on
pace for a 28.7% increase, on even less power usage.
The quoted installed
price is of project is $244,000.00.
The Town has already been approved for a NYSERDA NY-Sun Incentive
Award of $27,355.00. In 2024 it will apply for a Federal Inflation
Reduction Act “Direct Pay” rebate in the amount of $65,264.00 to be
received in 2025. In total 38% of the projected is funded through grants. The final cost of the project is expected
to be $151,351, giving the taxpayers a 6.2-year payback. The town will
utilize the American Rescue Plan Act (ARPA) funds of $118,126 and fund
balance to cover the remaining $33,255.00.
The project is
estimated to save taxpayers more than $736,000 over the 25-year life of the
project. The “Photovoltaic Array” is expected to be producing power by
August 1, 2024. It will eliminate power costs for 25 years.
Photo: St. Lawrence
Engineering rendition of the project
|
