ENERGYAPPROVED

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 residents (no direct City payment)Revere School DistrictPARALLEL PRODUCTS SOLAR ENERGY LLCApril 13, 2026

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Description

The Revere City Council approved a 20-year SMART CSS agreement with Parallel Products Solar Energy, LLC to deliver roughly $800,000 in annual electric bill savings to low-income Revere Power Choice customers. The contract uses state solar incentives and municipal aggregation accounts to provide bill credits with no direct financial cost to the City and can terminate if the aggregation program ends.

Contract Details

Contract Amount

Approximately $800,000 in annual bill credits to residents (no direct City payment)

Vendor

PARALLEL PRODUCTS SOLAR ENERGY LLC

Agency

Revere School District, MA

Contract Type

ENERGY

Document Date

April 13, 2026

Contract Term

20-year agreement under the SMART 3.0 program; remains in effect as long as Revere is a municipal aggregation community

Renewal Date

2046-04-13

Renewal Info

Initial term is 20 years tied to SMART 3.0 community shared solar status and continues only while Revere operates a municipal aggregation program; agreement extinguishes if aggregation ends, with no stated renewal or extension options.

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