Austin Energy, a municipal utility serving Austin, Texas, has signed an agreement to procure up to 2 megawatts (MW) of solar modules over a three-year period, at a cost of $1.85 per watt. The total contract cannot exceed $3.7 million. Austin Energy plans to install solar at buildings in its service territory; as part of its Strategic Plan, it has been selecting high profile buildings such as City buildings, libraries, and schools. The panels are expected to generate 2.7 million kilowatt-hours (kWh) annually. The City of Austin currently has solar installed on 35 facilities, for a total of 425 kW, and has a goal of 200 MW by 2020.
News Release - Austin Energy Enters Into Solar Supply Agreement