FREDONIA — City officals are reviewing a “compelling argument” to install a $4.4 million solar farm, the Wilson County Citizen reported.
For the last five months officials have looked at options presented by Scott Shreve, an energy consultant with the Texas-based Priority Power.
City Administrator Wesley Young said the city would get up to 60% back from the government as a “green” initiative rebate.
The solar farm would offset some of the price the city pays for power during peak times between 8 a.m. and 5 p.m.
During the summer, peak rates regularly exceed $100 per MWh — a measure of electrical energy — a price that fluctuates on the open market.
Owning a solar farm would allow Fredonia to reduce its rates once the project is paid for.
Young estimated consumers could expect reduced rates for at least 10 years, noting the lifespan of a solar farm ranged anywhere from 25 to 40 years.
