Net Metering Solar Credit Agreements

At a glance

Based on auto-generated captions; names, numbers and addresses may be misheard.

What: item 409-26, 20-year net metering credit agreements with 978 Solar Development and New Leaf Energy covering about 16 million kilowatt hours a year from three solar facilities.
Where it stands: approved October 20 after the city attorney's letter and the energy consultant's email were placed on the record. The city pays the developer 90 percent of the credit value, a 10 percent saving worth a little over 11 million dollars over 20 years, compared with about 12 million under an earlier 15 percent proposal.

2026-10-20 - City Council - Approved the 20-year agreements, about 11 million dollars in savings.
2026-10-15 - Personnel and Budget and Finance Committee - Budget and Finance Committee heard the 20-year credit agreements with 978 Solar Development / NewLeaf Energy: about 16 million kWh of credits from three offsite projects, city pays 90 percent, roughly $400,000 a year or about $10 to 11 million over 20 years (down slightly from an earlier 15 percent discount deal that fell through). Sent to the full council as a committee report pending a city attorney letter.
2026-10-06 - City Council - 20-year agreements referred to Budget & Finance.