It comes at no surprise to many to hear that California schools are feeling the pinch from the current economic times. Millions of dollars worth of budget cuts have left schools looking for ways to save money at every angle. The San Ramon Valley Unified School District has decided to approach this problem from a different angle: investing in alternative energy.
Thanks to low-interest federal loans, SRVUSD has installed 10,000 photovoltaic panels at five of its schools. This investment should cut the schools’ electrical use is expected to be reduced between 67% and 75%. The initial savings will be used to repay the loans, and the panels are expected to pay for themselves in 16 years. Afterward, savings are projected to $2-4 million dollars annually.
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