The Woodside Town Council will discuss a feasibility study on installing solar panels to power town facilities at its meeting tonight (May 14).
The plan has generated some controversy because some residents are saying that the panels aren't cost-effective in the long run compared with buying solar power from Peninsula Clean Energy.
The National Renewable Energy Laboratory based in Denver has reported that electricity from home solar panels is about 2.5 times more expensive than power from large solar facilities on a cost basis.
The feasibility study from Sage Renewables found that a two-site solar EV portfolio, at both Town Hall and the town library, combined with EV charging stations, would provide the highest economic performance of the alternatives evaluated. Of the three financing options – cash purchase, PPA financing, and debt financing – cash purchase financing provides the highest net present value.
The town has allotted $300,000 for the project if the council chooses to go ahead.
The meeting is at Independence Hall, 2955 Whiskey Hill Road, beginning at 7 p.m.