Tuesday, August 14, 2007

Town applies for solar energy bond

The Town recently applied for a Clean Renewable Energy Bond for the installation of solar panels on two Town buildings: the Pavilion and the Community Center/Youth Center. If the Town receives the award for the zero-interest bond for $249,000, the Town Council will hold a public discussion on whether to accept it and move forward with the proposed installations. The zero-interest monthly payment would be offset by savings in our PG&E bills. The award allows five years from the date of issue to use the bond funding and a 16-year payback period with no interest.