Nicole Welle | March 1, 2021
A new report showed that Iowa taxpayers could save $375 million if every county seat, county government and school district installed an average-sized solar energy system.
Auditor Rob Sand reached out to local governments, school districts and the Iowa Solar Energy Trade Association for information on solar installations in the state. Of the 27 projects he randomly chose to analyze, 13 responded to questions. The report revealed that solar panels save local governments and school districts an average of $26,475 each year, and each installation could save $716,437 over its lifetime, according to an Iowa Capital Dispatch article.
Sand came up with the idea for the study while discussing energy savings with family members who own solar panels. He hoped to add solar energy to his Public Innovations and Efficiencies (PIE) program, a project that aims to save taxpayers money through energy conservation. Once the study was complete, Sand noted that school districts could use sales tax receipts for installation and maintenance, reducing pressure on general funds supported by property taxes.
Some local governments and school districts have avoided paying upfront costs for their installations altogether. The city of Letts and Sigourney schools both build solar systems with no upfront payments, and others could do the same by leasing equipment or buying power from other solar energy system owners. The price of solar installations dropped 90% over the past 10 years, and most systems can pay for themselves in five to 15 years, depending on individual circumstances.