28 Aug '12, 5pm

Saving Bankrupt Cities With Solar and Smart Accounting: Municipalities and county and local agencies all over

Saving Bankrupt Cities With Solar and Smart Accounting: Municipalities and county and local agencies all over

Municipalities and county and local agencies all over the U.S. are beginning to discover solar can generate revenues. The City of Lancaster is putting teachers in classrooms and cops on the streets with money generated by its investment in solar. For cities facing the strains of these tough economic times, the news is even better: No investment capital is necessary. “The asset municipalities and agencies have purchasing power,” Borrego Solar ’s CFO recently told GTM. “They can monetize that purchasing power. Through entering an agreement with us, they get cheaper power and it is a way for them to make money on the first day .” Budget and finance officers in those agencies who do the calculations on infrastructure investments, explained The Solar Foundation (TSF) Executive Director Andrea Luecke, “don’t know what goes into pricing solar and they don’t know there are incenti...

Full article: http://www.greentechmedia.com/articles/read/Saving-Bankru...

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