City of Paris to partner with Today’s Power, Inc. to Install City-Based Solar Power
City of Paris employees, city council join Mayor Rogers in signing TPI Solar Power Services Aggreement
Today Power, Inc. (TPI) has been selected by the City of Paris to provide city-based solar-power totaling approximately 1.5 Megawatts (MW). Announced at today’s groundbreaking, the TPI tracking array will be located in Paris on approximately 8 acres.
The project is expected to generate 70,745,150 kWh over the next 25-years. TPI is financing, operating and maintaining 100% of the solar array. For the length of the 20-year contract, the city will purchase electricity generated by the array at 4.6795 cents a kilowatt hour.
“What this means for the citizens of Paris is we have additional renewable energy that we are delivering to the community,” said Mayor Daniel Rogers. “I thought this would be good for economic development; everyone is moving more toward green. If it is something that can help save the environment and save the city some money, it would be a great idea.”
Interested in solar powering Paris for over two years, Mayor Rogers said that he spoke to numerous solar suppliers about the design and processes when he started his inquiry into solar power. As Paris is a smaller city with minimal city employees, it did not seem feasible to purchase a solar power system. He even noted that, “one company that we looked into required almost three million dollars as an initial investment. Maybe that over a long-term course that would have saved money, but with financing and interest charges, I am not completely positive.”
This arrangement reduces costs, in part by preserving federal tax incentives available for investments in power-producing solar facilities.
“We are proud to be a partner of the City of Paris with this addition of clean renewable energy to power their operations.” TPI President Michael Henderson said. “This project reflects the great vision and a true desire to modernize the image of the City of Paris by taking a giant step in sustainability, and we hope that this renewable resource will provide the city with economic stimulation and other long-term benefits for years to come.
Mayor Rogers and TPI President, Michael Henderson.
Once this project is complete, a large portion of the city’s portfolio will be renewable.
“I am super excited about this solar project. I think it will be beneficial to our community and to be able to say that we are a green community to go along with the hydro allocation that we currently have,” Rogers said.
The installation is expected to begin before the start of the new year, with the project having a completion date of summer 2020.
For More Information:
Jennah Denney – Today’s Power, Inc.
(501) 400-5548 or firstname.lastname@example.org