Pelham School District Leases Rooftop for Solar Energy
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Description
The Pelham School District has signed a lease agreement with Kearsarge Pelham LLC for the installation of rooftop solar facilities at Memorial and Elementary schools. The lease term spans 25 years, with potential purchase options for the district at specific anniversaries. Electricity price is 0.1317 / kWh measured at the Metering Device subject to a 0.5% annual escalator.
Contract Details
Contract Amount
NA
Vendor
KEARSARGE PELHAM
Agency
Pelham City School District, AL
Contract Type
Lease
Document Date
July 9, 2025
Contract Term
25 years
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