UTILITIESPENDING

City of Revere City Council Meeting Minutes March 23 2026

Revere Weighs 20-Year Solar Power Savings Deal

approximately $800,000 in annual savings to residentsRevere Public Schools MAPARALLEL PRODUCTS SOLAR ENERGY LLCMarch 23, 2026

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Description

The City of Revere is considering a 20-year Smart CSS agreement with Parallel Products Solar Energy, LLC to deliver discounted electricity to approximately 2,300 low-income residents, generating an estimated $800,000 in annual savings. The agreement, which presents no identified financial risk to the City and is tied to the municipal aggregation program, has been referred to the Ways and Means Committee for detailed review.

Contract Details

Contract Amount

approximately $800,000 in annual savings to residents

Vendor

PARALLEL PRODUCTS SOLAR ENERGY LLC

Agency

Revere Public Schools MA, MA

Contract Type

UTILITIES

Document Date

March 23, 2026

Contract Term

20-year Smart CSS agreement

Renewal Info

Initial proposed term is 20 years; the agreement can terminate if the City withdraws from the municipal aggregation program. No explicit renewal options are described in the minutes.

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