WADDINGTON – Town council members voted Monday in favor of installing solar panels on town buildings which could save taxpayers thousands in electricity costs.
Fourth Coast, Inc., Clayton, presented the board with a proposal in September to install 220 solar modules that would supply power to the municipal building, library, highway garage, old Town Hall and 10 street lamps. Installation of the photovoltaic system is estimated at $716,000.
The town council unanimously voted to move ahead with applying for funding the photovoltaic system through the New York State Energy Research and Development Authority. NYSERDA rebates $1.50 per watt up to 50,000 watts per system.
Fourth Coast estimates that NYSERDA could pay up to $228,300 for the $716,000 project.
The estimated payback of the project is 13 years.
The faster you apply for the incentive, the better because more people are starting to take use of the incentive program, Fourth Coast co-founder Robert J. Campany said.
Because of the increase popularity of incentives, Mr. Campany predicted the towns application will most likely not be approved until after January.
Moving ahead, Fourth Coast suggested the town conduct a detailed analysis of the system yield and costs and finalize component design.
A roof mounted system is less expensive than a ground system, Mr. Campany said. But you have to first determine if the roof is structurally capable to hold the system.