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Little Rock proceeds with a $12 million solar energy initiative

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Little Rock, Arkansas – Once installed, a proposed solar power project for Little Rock is expected to save the city $1 million a year, according to municipal officials.

With the completion of the necessary interconnection agreements, the 4.9 megawatt AC solar project is now officially in the building phase, according to city officials.

According to officials, the interconnection deal was finished ahead of schedule on September 30, which allows the city to benefit from advantageous net-metering regulations that allow it to be credited for the quantity of electricity produced at the same rate as the amount consumed.

At the Port of Little Rock, on city property, the $12 million project will be built. According to officials, the project will produce almost 70% of the electricity needed for city operations once it starts up.

According to Mayor Frank Scott Jr., the initiative is consistent with the city’s sustainability objectives.

“As we strive to create a more sustainable Little Rock, we prioritize both financial and environmental stewardship,” Scott stated. “One of our ambitious yet attainable sustainability goals is to run the city entirely on clean energy by 2030.”

In addition to a 40% refund to offset project expenses after the first year of operation—a provision of the federal Inflation Reduction Act—the city is financing the project via short-term finance.

According to officials, the city has set extra environmental targets, one of which is to have 50% of its fleet be electric vehicles by 2030.

 

 

 

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