MORRIS COUNTY, NJ — A Morris County solar and renewable energy project will save participating schools and agencies 35 percent on energy bills, according to The Star-Ledger.
According to the story, solar-produced power will cost only 10.6 cents per kilowatt compared to an average 15 cents for current energy sources, saving program participants $2.3 million over 15 years.
Stephen Pearlman, attorney for the Morris County Improvement Authority, said: "This is a tremendous moment. We have seen a concept, an idea turned into an important reality.”
Fourteen public schools and several county government buildings are participating in the program, and solar panels will soon be installed on the buildings, the story stated.
According to the story, participating buildings will also be eligible for additional savings through state energy rebates, federal investment tax credits and solar energy certificates.
The county will begin another round of installations in the hopes of attracting more schools and agencies, the story added.
Click here to read the complete article.