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TO: Mayor Richard C. Irvin
FROM: Martin S. Lyons, Chief Financial Officer
Chuck Nelson, Deputy Mayor
DATE: August 4, 2020
SUBJECT:
A resolution authorizing the Chief Financial Officer to execute an agreement with Nexamp to provide community solar electricity to various city accounts not covered by under the ComEd franchise agreement.
PURPOSE:
Authorizing the Chief Financial Officer to execute an agreement with Nexamp to provide solar electricity to various city accounts not covered by under the ComEd franchise agreement.
BACKGROUND:
In December 2019, the City worked with Progressive Energy on a reverse auction to provide electricity on approximately 75 larger city accounts. At that time, we stated the smaller accounts would be looked at later to determine the best value/source. Progressive Energy, our energy consultant, has brought an option for solar provided energy from Nexamp to service these accounts.
DISCUSSION:
As part of the Illinois Future Jobs Energy Act (FEJA) Illinois has developed "Community Solar" programs.
Community Solar is an arrangement under which multiple customers subscribe to a single large Solar system. By subscribing, individual customers offset their own electricity use with a portion of the electricity generated by the community solar system. The project might be located near the customer or many miles away, but it must be in the same utility service territory as the customer. Without the support of subscribers, many Community Solar projects would never have been constructed-meaning that by subscribing to a Community Solar project, you are helping support the development of new solar energy generation in Illinois. A subscription to a Community Solar project allows you to receive credit on your electric bill for the energy produced by that project. Through net metering, your electric bill will be credited for the Community Solar project's energy production, although you may have to pay separately for your subscriptio...
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