The Board of Education of the North Hunterdon-Voorhees Regional High School District in the County of Hunterdon, New Jersey (the “District”) has awarded a contract pursuant to N.J.S.A. 18A:18A-4.5. et seq. to Advance Solar Products (“ASP”) for a power purchase agreement (the “Solar PPA”) for a term of fifteen (15) years for the installation and maintenance of photovoltaic panels for the purpose of generating electricity at all or some of the following schools: North Hunterdon High School and Voorhees High School. The proposed price of the Solar PPA is $0.09 (0.9 Cents (less than 1 cent per kilowatt hour) per kilowatt hour (kWh) as a base bid. The contract, and the resolution authorizing it, are on file and available for public inspection in the office of the Acting Business Administrator/Board Secretary located at 1445 State Highway 31, Annandale, New Jersey, 08801.
Estimated 15 Year Savings: $3,001,288 from Solar PPA
|
15 Year Price Schedule |
ASP |
|
Year 1 |
$0.0090 |
|
Year 2 |
$0.0092 |
|
Year 3 |
$0.0093 |
|
Year 4 |
$0.0095 |
|
Year 5 |
$0.0096 |
|
Year 6 |
$0.0098 |
|
Year 7 |
$0.0100 |
|
Year 8 |
$0.0102 |
|
Year 9 |
$0.0103 |
|
Year 10 |
$0.0105 |
|
Year 11 |
$0.0107 |
|
Year 12 |
$0.0109 |
|
Year 13 |
$0.0111 |
|
Year 14 |
$0.0113 |
|
Year 15 |
$0.0115 |
Kathryn Blew, CPA
Acting Business Administrator/Board Secretary
North Hunterdon-Voorhees Regional High School District Board of Education