Harford Community College's Board of Trustees unanimously approved a power purchase agreement Monday, which is expected to save the college more than $1 million in energy costs over 20 years.
Solar panels installed on rooftops of four buildings - the Susquehanna Center addition, Chesapeake Center, Student Center and Joppa Hall – will result in very little financial liability for the institution, but potentially large savings on the college's energy bills.
The agreement with Tecta Solar will have the college paying 5.7 cents per kilowatt-hour with up to a 2.57 percent increase each year, depending on the market. With BGE, HCC is paying about 7.4 cents per kilowatt-hour.
The system is planned to be installed and operational by Dec. 31.