TAX EXEMPT | $480,000 | 184kW
This southern California special district was installing a 184kW combination rooftop/carport solar system at their administrative office. As a government entity, they weren’t eligible for solar tax benefits, but they were eligible for tax-exempt financing. We structured a 7-year municipal lease that cut the interest rate by 30% and reduced their electricity costs by $56,000 in the first year. The system will generate $1.3 million in cash flow for the district over the life of the system.
Special Districts are agencies formed to provide essential services such as water, irrigation, fire protection, waste treatment and airports to local communities. They often cross city or county lines to serve a population with common needs. Funded by property taxes and/or fees for services, they are established by and accountable to voters in their communities.