Voters Approve Seaford Borrowing For Solar Array - WBOC-TV 16, Delmarvas News Leader, FOX 21 -

Voters Approve Seaford Borrowing For Solar Array

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Results for Seaford Special Election Results for Seaford Special Election

SEAFORD, Del. - The votes were tallied in just minutes, and by a count of 102 to 23, the residents of Seaford voted to allow the city to borrow up to $1.6 Million. 

The City Manager Dolores Slatcher said that the money would go towards the installation and operation of a "mounted solar array." Slatcher said that the actual amount borrowed would likely be closer to $1.1 Million, since a state grant is expected to cover the remaining $500,000. 

Slatcher said that the use of the solar energy, will allow the city to save approximately $57,000 per year in avoided utility payments. On top of that, installation will allow the city to sell "Renewable Energy Credits, for an additional $62,000 every year. 

Meanwhile, the yearly cost for paying back the loan, will be $67,000. On top of that, the city will also be responsible for maintenance cost, which is currently estimated at $12,000 for the first year. 

All in all, Slatcher said that the engineers are estimating a net profit of approximately $40,000 per year or $811,000 after 20 years. 

"If the engineers are correct," Slatcher said. "And we go through the 20 years as it's designed, and as it's planned for on paper, then no. We should not be putting money into this system... This is the best opportunity for this city to reduce some of it's operating cost at the wastewater treatment plant." 

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