Solar Power: City of Lake Havasu Takes Control of Electricity Costs for Next 20 Years -- With the always-rising costs of monopolized fossil fuel resources, will traditional utilities ever be in the position to offer the same?

Sunrise at Lake Havasu 

“In mid-December, the solar panels in the City Hall parking lot and the city’s Public Works parking lot began generating energy, said Jae Choe, manager for the new business development team at LG International (America). At the end of December, the work at the city’s Police Facility and Aquatic Center was completed and those panels began generating power.

The project, including the solar energy panels and metal beams on the city property, is not owned by the city. It’s owned by Lake Havasu City Solar, LLC, which was set up by and financially backed by LG International.

The city will be buying energy from Lake Havasu City Solar, LLC at a fixed cost which is under the cost of what the city pays UniSource and the rate will increase no more than two percent each year for 20 years, city officials have said.

City officials anticipate UniSource rates increasing more than two percent each year and since they locked in the rate with Lake Havasu City Solar, they expect to experience significant savings.

Nexsen rattled off the benefits of the city’s involvement in the solar energy deal.

‘The utility cost savings are an improvement, there are no upfront costs to the taxpayer and local jobs were created,’ Nexsen said.”

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HavasuNews.com