Santa Monica To Install Solar Power Systems At Nine Elementary Schools
The Santa Monica-Malibu School District announced Friday their plans to install solar power systems at nine elementary schools, a move that is expected to save the school district $4 million in electricity costs during the next 25 years.
Virginia Hyatt, a purchasing director for the school district, credited the community's dedicated solar advocates.
In 2008, the city of Santa Monica started the effort with a $20,000 study. The school district sought out investors interested in a power purchase agreement. In such an agreement, a third-party investor is responsible for the costs of operating the solar power systems, while also winning the tax benefits. The school district then purchases the power from the third party at a discount.
The project stalled after six months, however, Hyatt said. "We were reluctant to give up, but it wasn't clear where to turn next," she said.
Los Angeles Lakers v Indiana Pacers - Verified Resale Tickets
TicketsFri., Jan. 20, 7:30pm
CSUN Womens Basketball vs. Cal Poly Women's Basketball
TicketsSat., Jan. 21, 4:00pm
CSUN Men?s Basketball vs. Uc Irvine Mens Basketball
TicketsSat., Jan. 21, 7:00pm
UCLA Bruins Women's Basketball vs. USC Womens Basketball
TicketsSun., Jan. 22, 5:00pm
Solar Santa Monica, an organization that assists residents in energy efficiency, helped the district find investors and contractors.
With reporting from City News Service
Get the ICYMI: Today's Top Stories Newsletter Our daily newsletter delivers quick clicks to keep you in the know
Catch up on the day's news and stay informed with our daily digest of the most popular news, music, food and arts stories in Los Angeles, delivered to your inbox Monday through Friday.