Contact Us

Lacey School’s Solar Panel Project Targeted By State Comptroller

flickr user ell brown

Lacey Township School District’s solar panels are the target of scrutiny from the state comptroller’s office.

In an alert issued by the comptroller, it claimed the panel installation for six schools was estimated too high compared to the resulting bid. Noting the $16 million dollar estimates far exceeded the $9.9 million bids that eventually occurred.

However the district maintains the economic recession caused the bids to drop between Spring 2008 when the estimates were originally done and Spring 2009 when the bids were placed, and were “impossible to predict” according to a statement.

“Some of that was because construction financing had dried up and the price of solar panels had dropped,” said Lacey Township Board of Education member Jack Martenak.

Martenak noted ultimately the project is saving taxpayers money, since the solar panels account for a $400,000 in savings each year.

Additionally, while the school district did have to bond more because of the initial estimate, state laws allows them to use the excess towards debt relief (they are not allowed to put towards the initial bond).

Martenak said they are putting it to pay off higher interest bonds from older projects.

“Bonds that the Township took out to build the middle school in the 1990’s and to fund the expansion of the high school and three of the elementary schools in the 2000’s…When we bonded the interest rates were about %3.8 I believe, and the interest rates from the previous project were in the five percent range.”

Best of WOBM

Recommended For You

Best of the Web

Leave a Comment

It appears that you already have an account created within our VIP network of sites on . To keep your personal information safe, we need to verify that it's really you. To activate your account, please confirm your password. When you have confirmed your password, you will be able to log in through Facebook on both sites.

Forgot your password?

*Please note that your prizes and activities will not be shared between programs within our VIP network.

It appears that you already have an account on this site associated with . To connect your existing account just click on the account activation button below. You will maintain your existing VIP profile. After you do this, you will be able to always log in to using your original account information.

*Please note that your prizes and activities will not be shared between programs within our VIP network.

Please fill out the information below to help us provide you a better experience.

(Forgot your password?)

Not a member? Sign up here

Sign up for WOBM Listener Club quickly by connecting your Facebook account. It's just as secure and no password to remember!

Sign up to have exclusive WOBM Listener Club contests, events, coupons, presales, and much more delivered to you for FREE.