The Pflugerville ISD board of trustees authorized the district on Jan. 17 to enter into a lease agreement for solar panels at 11 district locations.
According to estimates provided by district officials, the solar panels could net the district more than $2.7 million in total savings during their 30-year life expectancy through lowered utility bills and a solar power buyback program offered by Austin Energy at the 11 district buildings serviced by the company.
"There is an awful lot of upsides to doing this," PISD Chief Financial Officer Ken Adix said. "With an opportunity like this, I think it makes all the sense in the world.
"From a logic perspective, if we do the panels, we stand to net $2.7 million over 30 years. If we do nothing, we stand to pay out $6.5 million [in utility payments]."
