Third Pillar offers Town of Chestertown Solar panel lease

Third Pillar Solar offers a lease with initial rent of $15,000 increasing by $3,000 each year, up to 5 years, construction, operations rent of $81,120 based on a $12,000.00 per MWdc value and 2% escalation per year with a total lease payment value over 42 years estimated to be around $5,300,000 for 6.76 MWdc system.

Document date · May 5, 2025

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Scope & details

The full contract record, as filed.

Contract amount

$5,300,000

Contract type

Lease

Contract term

42 years

Document type

Meeting Minutes

Source document

town-of-chestertown-meeting-minutes-2025-05-05_c32.pdf

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the lease contract by Town of Chestertown?

Third Pillar Solar was awarded this lease contract by Town of Chestertown, as recorded on May 5, 2025. The contract value is $5,300,000.

How much is the Third Pillar Solar contract with Town of Chestertown worth?

The Third Pillar Solar contract with Town of Chestertown is valued at $5,300,000, covering lease work.

What type of contract is this?

This is a Lease contract, documented as a meeting minutes record.

Where was this contract approved?

This contract appears in town-of-chestertown-meeting-minutes-2025-05-05_c32.pdf (Meeting Minutes), dated May 5, 2025 from Town of Chestertown. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Third Pillar Solar hold?

Third Pillar Solar may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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What is Town of Chestertown currently buying?

Explore Town of Chestertown's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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