District enters clean energy partnership

District enters clean energy partnership
This is the image for the news article titled District enters clean energy partnershipFaribault Public Schools recently entered into a Community Solar Garden Subscription Agreement with Nokomis Partners, a Minnesota-based energy developer whose mission is to accelerate clean energy deployment through equitable partnerships.

Over the course of the next 18 months the district will be subscribed to solar gardens under construction in Rice and Waseca counties. Based on historical electric usage, FPS is eligible to subscribe to 4.8 megawatts of solar power. This level of subscription is estimated to save the district $60,000 annually and $1,468,711 over the 25-year agreement. In addition to the savings on utility costs, Nokomis Partners offered an $80,000 signing bonus. A $40,000 check was presented when the agreement was signed and the remaining $40,000 will be issued when all subscriptions are assigned to gardens.

“We were drawn to the Nokomis Partners’ agreement because it offered a fixed saving rate that does not depend on the future electricity rates. This provided us with the certainty that the district will save from day one,” FPS Director of Finance and Operations Jennifer Walsh said.

Beyond the financial consideration, Nokomis Partners offers educational sessions, curriculum and field trips to help our students better understand how the energy system works.
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