FAQFAQ   SearchSearch   MemberlistMemberlist   UsergroupsUsergroups   RegisterRegister   ProfileProfile   Log in to check your private messagesLog in to check your private messages   Log inLog in 



CA School District Spends $23M on Solar Panels, Won't Break

 
Post new topic   Reply to topic    `skilled clan. Forum Index -> Random Talk
View previous topic :: View next topic  
Author Message
hurricanemaxi
Registred


Joined: 17 Sep 2011
Posts: 48

PostPosted: Mon Sep 19, 2011 2:54 pm    Post subject: CA School District Spends $23M on Solar Panels, Won't Break Reply with quote

San Ramon Valley Unified School District installs 10k photovoltaic panels at five schools

In a move that is proving to be controversial with some, some California school districts are looking to a high-tech way to save money, even if the payback won't be achieved until well over a decade later. CNN is reporting that some California school districts are looking to low-interest federal loans to install solar panels on schools.

CNN singled out the San Ramon Valley Unified School District, which has installed roughly 10,000 photovoltaic panels at five of its 35 total schools at a cost of $23 million. Under the most optimistic projections, the photovoltaic panels would offset energy usage at the schools by 67 to 75 percent.

According to spokesman Terry Koehne, the San Ramon Valley Unified School District will pay back the loans courtesy of the energy savings from using the solar installations. However, this won't be a quick payback for the school system -- it will take roughly 16 years to break even on the photovoltaic panels.

Koehne, however, points to the upside of embarking on this expensive venture; "It's pure profit after that. And following that, we're going to start realizing savings of $2 (million), $3 (million), $4 million a year."

Like many schools across the nation, California schools are facing a serious budget crunch. Less money means fewer teachers, fewer teaching assistants, and more students per classroom. By making this move now, the school district is hoping that the future payoff will allow it use its resources more wisely.

Lower production costs, thanks to stiff competition from Chinese companies, is causing a surge in the adoption of solar panels. One of the causalities of the race to the bottom in panel costs was Silicon Valley-based Solyndra. The company received a rushed $535 million loan courtesy of the Obama industry during 2009 in order to bolster its operations.

However, the company two years later filed for bankruptcy and axed over 1,000 employees. Interestingly, an email that was sent out before final approval of the loan was granted rightly projected that the company would run out of money by September 2011.
____________
Gratis Horoskop
health and beauty
Back to top
View user's profile Send private message
Free Forum






PostPosted:      Post subject: ForumsLand.com

Back to top
Display posts from previous:   
Post new topic   Reply to topic    `skilled clan. Forum Index -> Random Talk All times are GMT
Page 1 of 1

 
Jump to:  
You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot vote in polls in this forum


Powered by phpBB © 2001, 2002 phpBB Group
    Darkness 1.2 template by Griffin
Copyright © 2003-2004 Griffin Webpages; All rights reserved