Negotiations Continue Over Solar Power Purchase Contract
Borough of State CollegeCity · State College, PA- Disclosed value
- Energy Rate: $0.04590/kWh to $0.05755/kWh (proposed); $650,000 net settlement cost over 15 years (est.)
- From agenda
- Document date
- Dec 15, 2025
- Term
- 15 years (June 2025 – June 2040)
- Renews
- Free account
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THE 30-SECOND BRIEF
The Centre County Solar Group and their consultant are negotiating with Prospect14 to revise terms in a 15-year power purchase agreement for solar generation, after vendor financing concerns led to a request for higher energy rates. The new proposal is projected to result in a net cost of $650,000 over the term, and negotiations are ongoing.
PROSPECT14 holds this contract with Borough of State College. Its other public contracts on record include work for Town of Harris and College Township Industrial Development Authority.
The renewal date is on record. A free account shows it, with the renewals for every Borough of State College contract.
Contract details
- Amount
- Energy Rate: $0.04590/kWh to $0.05755/kWh (proposed); $650,000 net settlement cost over 15 years (est.)
- Document date
- December 15, 2025
- Term
- 15 years (June 2025 – June 2040)
- Renews
- Free account
- Vendor
- PROSPECT14
- Agency
- Borough of State College
- Source document
- borough_of_state_college_council_regular_meeting_a.pdf (Agenda)
PROSPECT14's other public contracts
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Questions about this contract
Who was awarded the government contract by Borough of State College?
PROSPECT14 was awarded this government contract by Borough of State College, as recorded on December 15, 2025. The contract value is Energy Rate: $0.04590/kWh to $0.05755/kWh (proposed); $650,000 net settlement cost over 15 years (est.).
How much is the PROSPECT14 contract with Borough of State College worth?
The PROSPECT14 contract with Borough of State College is valued at Energy Rate: $0.04590/kWh to $0.05755/kWh (proposed); $650,000 net settlement cost over 15 years (est.).
What type of contract is this?
This is a government contract, documented as a agenda record.
Where was this contract approved?
This contract appears in borough_of_state_college_council_regular_meeting_a.pdf (Agenda), dated December 15, 2025 from Borough of State College. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does PROSPECT14 hold?
PROSPECT14 may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.
What is Borough of State College currently buying?
Explore Borough of State College's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.