A solar project for Clovis police and fire headquarters and two fire stations could get under way next month after City Council members Monday night approved a financing plan.
The city expects to spend about $3.4 million but will save about 47% in electricity costs -- or about $128,205 annually -- for the three buildings.
Clovis city officials have been told that the California Energy Commission has tentatively approved a $953,229 loan at 3% interest over 15 years. Final approval is expected in two weeks. The additional $2.5 million for the project will come from a 4.95%, 20-year loan.
The city also expects to obtain $520,000 in a rebate through the state's solar initiative, which would drop the project's overall cost to about $2.9 million.
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Over 25 years, the city will save about $3.37 million, according to projections provided by Sacramento-area Compass Energy Solutions, the city's consultant.
The project is expected to take about four months, said Robert Ford, the city's general services director.
He said the interest rates for the project were a little higher than forecast late last year.
A solar project for the 70,000-square-foot Clovis Police and Fire headquarters would be the largest public solar project in Clovis.
Most of the savings will come from the headquarters building because it is the largest and operates 24 hours a day.
Solar installation also will occur at the city's two newest fire stations at Temperance and Alluvial avenues and Seventh Street and Pollasky Avenue in downtown Clovis.
Last year, the Clovis Veterans Memorial District completed a solar project for its downtown Clovis building. For now, it is the largest public agency solar project in Clovis.