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8 <br />CE-IT2S2: Expand solar and <br />The City currently has 1178 kW of solar capacity online to use at the City's <br />• Explore and compare opportunities <br />renewable energy purchases <br />municipal facilities, with another 1000 kW purchased that is not yet functional. <br />to transition some or all of the <br />for City buildings <br />When that solar array comes online at or around the end of 2017, the resulting <br />2.178 MW is expected to enable the City to source over 50% of its municipal <br />electric demand with renewable energy. <br />remaining 50% of municipal facilities' <br />energy needs to renewable sources, <br />as appropriate. <br />The City is in the beginning stages of exploring the possibility of further <br />alternative energy sources. This may or may nor include "purchases". Until the <br />most recent purchases come online and we can determine what eligible <br />metered electricity we have left, however, it is not possible to make a useful <br />comparison between available renewable avenues for the remainder of the <br />City's energy needs. <br />Going forward, the City has several potential options to offset its remaining <br />energy needs to renewable sources: <br />1) Upcoming Renewable Connect Program through Xcel: Xcel is preparing to <br />roll out a large solar campaign for residential and commercial in 2018. The <br />idea is mostly familiar - the customer would buy in at a set rate for X <br />years, but the customer would also get the Renewable Energy Credits <br />(RECs) and deal directly with Xcel, rather than with a third party. Like <br />Xcel's wind source program, the rate would be slightly higher than the <br />existing rate/watt, but it would be set, hopefully offsetting inflation <br />expectations at some level. Details are in process of being determined and <br />are not yet set. The customer would tap into an enormous solar pool that <br />Xcel would construct at a remote location. <br />2) Solar garden in Louisville for municipal / residential use: Early conversations <br />with a nonprofit solar garden company would not only offer the City <br />another opportunity to further offset its own energy load, but would also <br />allow low income residents an opportunity to participate in solar credits at <br />a significantly reduced monthly energy cost. The challenges are: <br />availability of city land, length of time to develop, ROI after staff time and <br />current market conditions are considered. <br />3) Solar garden offsite for municipal use only: Early conversations with a for- <br />profit company indicates that solar capacity would be available within 12 <br />months, should the City wish to make an agreement for another <br />