TECHNOLOGYAPPROVED

City of Revere City Council Meeting Minutes April 13 2026

Revere OKs 20-Year Low-Income Solar Savings Deal

Approximately $800,000 in annual bill credits to low-income households (no direct City cost)City of ReverePARALLEL PRODUCTS SOLAR ENERGY LLCApril 13, 2026

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Description

The Revere City Council approved a 20-year SMART 3.0 community solar agreement with Parallel Products Solar Energy, LLC to deliver about $800,000 in annual electric bill savings to roughly 2,300 low-income residents through the Revere Power Choice aggregation program. The City assumes only administrative responsibilities and may terminate the agreement without penalty if it leaves municipal aggregation.

Contract Details

Contract Amount

Approximately $800,000 in annual bill credits to low-income households (no direct City cost)

Vendor

PARALLEL PRODUCTS SOLAR ENERGY LLC

Agency

City of Revere, MA

Contract Type

TECHNOLOGY

Document Date

April 13, 2026

Contract Term

20-year agreement; remains in effect while City operates municipal aggregation program

Renewal Info

Initial term is 20 years tied to the SMART 3.0 program; the agreement terminates if the City ceases to operate a municipal aggregation program. No penalties for termination upon exiting aggregation are noted; no explicit renewal options are described.

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