Analysis: PSC weighs whether Georgia needs solar power | savannahnow.com

A high school in Dublin is being used as an example of solar economics by both sides of the debate. A local government authority leases solar panels, funded by bonds to be repaid from a sales tax.

The annual bond payments of $300,000 for 25 years total $7.5 million, but school officials consider that they are saving the $100,000 annual power bill because the sales tax doesn’t come out of their coffers.

Spending $3 to save $1 looks like a bargain to solar advocates but not to Wise or Georgia Power. And that’s not counting the costs to maintain and replace equipment that breaks or wears out over that quarter-century of financing.

via Analysis: PSC weighs whether Georgia needs solar power | savannahnow.com.